Photo: AP

With the New Year, the management of RCS Capital (RCAP)–the beleaguered parent company of the Cetera Financial Group of independent broker-dealers–is trying to turn a page on the company’s troubles.

It did so with a bang late-Monday, announcing plans for a Chapter 11 bankruptcy filing, the injection of some $150 million from key stakeholders, as well as debt and capital restructuring plans that should allow Cetera to become an independent, privately held firm.

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