Table of Contents
- 1 Who bought out Conseco Finance?
- 2 Who owns Conseco?
- 3 Is Greentree still in business?
- 4 When did ditech take over Greentree?
- 5 How old is Steve Hilbert?
- 6 When did Conseco Insurance Company file for bankruptcy?
- 7 What are the liabilities of Conseco holding company?
- 8 Who is the third largest company to file for bankruptcy?
Who bought out Conseco Finance?
GE Consumer Finance
GE Consumer Finance Reaches Deal to Acquire Conseco Finance Corp.’s Sales Finance Unit.
Who owns Conseco?
CNO Financial
Your one-stop online insurance guide. Get free quotes now! Who owns Conseco? Conseco Insurance Company is a subsidiary of CNO Financial, and the company was merged along with Conseco Health Insurance Company into another CNO subsidiary, Washington National Insurance Company.
Who bought GE Consumer finance?
KKR, Varde and Deutsche buy GE Capital consumer finance arm for $6.3 billion. SYDNEY (Reuters) – A consortium of private equity firm KKR & Co LP KKR.
Is Greentree still in business?
By the end of August, Green Tree will be no more. But the company is not closing. In fact, Green Tree’s parent company, Walter Investment Management Corp. (WAC), is merging Green Tree with another of Walter Investment’s well-known subsidiaries, Ditech Mortgage Corp, to form a new company, ditech, a Walter company.
When did ditech take over Greentree?
August 31, 2015
On August 31, 2015, Green Tree Servicing became ditech, a Walter company. To learn more about this transition from Green Tree to ditech, please visit www.ditech.com.
Is CNO Financial Group legit?
CNO is a great company to work for. I started over a year ago and have been fully remote my entire time here. I would prefer to be in the office but other than that there is not much to complain about.
How old is Steve Hilbert?
Hilbert, now 54, built Conseco, based in Carmel, Ind., from a tiny company to a member of the Fortune 500 through acquisitions.
When did Conseco Insurance Company file for bankruptcy?
On December 17, 2002, insurance giant Conseco, Inc., filed the third-largest Chapter 11 bankruptcy petition in U.S. history, as measured by the holding company’s assets (roughly $52 billion, counting both its filing and nonfiling subsidiaries). Conseco’s liabilities total roughly $51 billion, according to its filing.
Why did Conseco bank go out of business?
The company collapsed under a huge debt load resulting from a rash of acquisitions in the 1990s, including the $6 billion purchase of Green Tree, the nation’s largest lender to mobile-home buyers. The portfolio of mobile-home loans and other consumer finance products will be sold under an agreement with two groups of investors.
What are the liabilities of Conseco holding company?
Conseco’s liabilities total roughly $51 billion, according to its filing. Along with the holding company, many of Conseco’s financial services subsidiaries also filed for Chapter 11, including Conseco Finance Corp., the St. Paul-based mobile home lender.
Who is the third largest company to file for bankruptcy?
Long teetering on the brink, insurance and finance giant Conseco has filed for Chapter 11 bankruptcy protection. It’s the third-largest corporate bankruptcy filing in history.