Washington Mutual (WaMu), the largest bank in the bankruptcy in U.S. history, announced that it has reached an agreement in a dispute between shareholders and creditors of the part, which prevents exit of the bank under bankruptcy protection.
The company announced in a document submitted to the court that the shareholders will give up processes împotirva agreements with bondholders of the bank.



WaMu is under bankruptcy protection in September 2008.



Agreement between shareholders and creditors will allow the development of the $ 7 billion payment to the latter.



"The proposed agreement represents a step towards the conclusion of bankruptcy proceedings," WaMu said in a statement.



Reorganized the assets of WaMu will consist of shares in WMI and WM Mortgage Reinsurance Investment. Reorganized company will be financed with a contribution of 75 million dollars from some creditors and a credit line of $ 125 million to bondholders.



In September, a U.S. judge has rejected a second attempt to exit bankruptcy WaMu because of disputes between shareholders and creditors.



The company filed for bankruptcy in September 2008 during the peak of the financial crisis after financial authorities took over operations of loans and deposits. Banking division was subsequently sold to JPMorgan Chase for 1.88 billion dollars.



Almost immediately after filing for bankruptcy, Washington Mutual, The U.S. Federal Deposit Insurance and JPMorgan have started a legal dispute concerning the bank's assets in bankruptcy.



WaMu had assets worth about 307 billion dollars and deposits of $ 188 billion at the time of bankruptcy.