Bankrupt Lehman Brothers Holdings Inc.’s affiliate Luxembourg Residential Properties Loan Finance filed for bankruptcy court protection in New York, Bloomberg reported. The Chapter 11 petition lists assets and debt of more than $1 billion each. According to court documents, the Luxembourg-based company is affiliated with Lehman Brothers and seeks to be consolidated with Lehman’s bankruptcy case. Luxembourg Trading Finance S.a.r.l. owns 100 percent of the affiliate’s equity, according to court documents. Lehman filed the largest bankruptcy in history on Sept.
Read more
