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Home » Store » News » Possible Conseco Bankruptcy Raising Concerns for MH

Possible Conseco Bankruptcy Raising Concerns for MH

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The manufactured housing industry is bracing for the possible bankruptcy of its largest player – Conseco. The Illinois-based insurance giant, which paid $6 billion four years ago to acquire Green Tree Financial, last week reported a $1.3 billion second quarter net loss. More ominously, the company said it had begun talking to its creditors about restructuring its debt. “If it is unable to achieve restructuring out of court,
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