March 19 (Reuters) - Squaretwo Financial Corp SFCI.UL :
* SquareTwo financial announces portfolio asset sale to Resurgent Holdings and court supervised business restructuring
* SquareTwo Financial Corp - Acquisition will occur through purchase of equity interests of some of company's subsidiaries, including its Canadian subsidiaries
* SquareTwo Financial - Upon completion of transaction & following transfer of servicing of accounts in U.S. to Resurgent, SquareTwo to wind down its U.S. operations
* Says wind-down process is expected to be completed by end of 2017
* Says SquareTwo's Canadian operations will continue under Resurgent's ownership
* SquareTwo Financial Corp - Company and its affiliates filed voluntary chapter 11 petitions in U.S. bankruptcy court for southern district of New York Source text for Eikon: ID:nPn7mhr7Da Further company coverage: SFCI.UL