Walter Investment Management Corp., which revealed that it will linger longer in bankruptcy than originally planned, has disclosed the upcoming departure of its chief executive officer.

In December 2017, the Fort Washington, Pennsylvania-based company filed a voluntary chapter 11 bankruptcy petition in U.S. Bankruptcy Court for the Southern District of New York.

Walter Investment originally disclosed its bankruptcy plans in October. At the time, it said the reorganization process could potentially be done by the end of 2017 and likely no later than Jan. 31, 2018.

Source: Mortgage Daily