Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Tuesday, March 27, 2007

New Century's Bankruptcy Expected

New Century Financial Corp., the poster child for the collapse of the subprime mortgage industry, is expected to file for bankruptcy soon, as both Barclays Bank and Morgan Stanley took back loans that secured New Century's financing and plan to auction them off.  See WSJ, Analysts Say Bankruptcy Filing
From New Century Is Imminent.

http://lawprofessors.typepad.com/securities/2007/03/new_centurys_ba.html

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