ResCap trust posts $161.79 million of liquidation assets as of June 30

By Caroline Salls

Pittsburgh, Aug. 14 – ResCap Liquidating Trust reported $161.79 million of net assets in liquidation as of June 30, according to a report released Friday.

In comparison, the trust had $406.5 million of net assets in liquidation as of Dec. 31, 2014.

The trust had $572.78 million in total assets and $410.99 million of total debt at June 30, including $78.56 million in claims and settlements.

Cash and cash equivalents at June 30 were $113.22 million.

Also, the trust listed $29.9 million of total receipts at June 30.

Residential Capital, a New York-based mortgage originator and servicer, emerged from bankruptcy on Dec. 17, 2013.

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