Key Definitions and Legal Disclaimer
Legal disclosure: While we do strive to confirm all
information presented here and qualify all doubtful items, the
information on this site is neither definitive nor should it be
construed as professional advice. It is a community site that
depends on community feedback. Factual or alleged factual
information presented here does not originate from ml-implode,
and all commentary is purely the opinion of the author(s) of
this site, unless otherwise quoted from other sources. You
should consult a finance professional before making any
decisions based on information found at this site.
Financial disclosure (good faith): The contributors to
this site may, from time to time, hold short (or long) positions
in mentioned and related companies.
Key definitions and disclaimers:
"Imploded" lenders: The "imploded" status is somewhat
subjective and does not necessarily mean operations are ceased
permanently: it can mean bankruptcy filing, temporary but
open-ended halting of major operations, or a "firesale"
acquisition. The Companies include all types (prime, subprime,
or a mix of both; retail or wholesale; subsidiaries and entire
companies). Note: Companies listed here may still be
operating in some capacity; check with them before making
assumptions.
Ailing lenders haven't shut down, but they're
significantly scaling back or are (or recently have been) in
manifest financial, legal, or operational distress.
Unfortunately, most of the industry now falls under this
description, so we are forced to reserve this list for the more
glaring cases or those which we happen to have more specific
info about.
Note: Lending operations that were previously deemed
"imploded" by us but which have returned in some form are shown
in darker italics. They remain on the list for historical
completeness.
Note 2: This site changes rapidly. You should always
check other sources regarding information found here, and check
with the companies themselves if you plan on doing business with
them. And as always, please let us know if you have corrections,
clarifications, or additions.