Dolan Co. Files Bankruptcy to Cut Foreclosure Unit Debt
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Dolan Co., a provider of legal-support services and publishing, filed for bankruptcy after agreeing to be taken over by lenders to cut debt linked to its former mortgage foreclosure-processing business.
The Minneapolis-based company listed debt of $185.9 million and assets of $236.2 million as of Sept. 30 in a Chapter 11 petition filed yesterday in Wilmington, Delaware.