Real Estate Lending Entity Files Chapter 7

OneCap has filed for Chapter 7 bankruptcy liquidation in Las Vegas which means that investors may be delayed in pursuing fraud claims against the company. According to reports, OneCap had its mortgage broker's license revoked by the state in May after a series of enforcement actions by the Division of Mortgage Lending. The filing lists liabilities at about $100,000 to $500,000 and assets under $50,000.       

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