IndyMac Bancorp files for Chapter 7 bankruptcy | Quotes | Company News | Reuters: "By Jonathan Stempel
NEW YORK (Reuters) - IndyMac Bancorp Inc IDMC.PK, once one of the largest U.S. mortgage lenders, has filed for bankruptcy protection, less than three weeks after being seized by federal regulators following a bank run by depositors.
The Pasadena, California-based company filed for Chapter 7 protection on Thursday with the U.S. bankruptcy court in Los Angeles, indicating it plans to liquidate. IndyMac expects the court to appoint a bankruptcy trustee promptly."
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