Walter Investment Management Corp. announced on Friday that it successfully completed its financial restructuring plan, which eliminated $800 million in debt, and emerged from chapter 11 bankruptcy, HousingWire.com reported. With the bankruptcy now in the rearview mirror, Walter Investment is changing its name to Ditech Holding Corp., adopting the name of its prominent subsidiary Ditech Financial. Last week, Walter disclosed in a filing with the Securities and Exchange Commission that it planned to change its name to Ditech Holding Corp. upon its exit from bankruptcy. Back in December, Walter filed for chapter 11 bankruptcy as part of a pre-packaged restructuring plan to cut its debt by $800 million.
