Springleaf Financial, Evansville, Ind., said in a recent Securities and Exchange Commission filing that it has “adequate liquidity” to survive over the next 12 months, and is seeing smaller losses on its business.

However, the firm — a large stake of which is controlled by Fortress Investment Group — warns that if its financial performance doesn’t improve “we may not be able to generate sufficient cash to service all of our debt.”

Springleaf, formerly known as American General Finance, has $1.5 billion in debt and interest payments coming due in the first half of 2013.

The nonbank lost $91.2 million in the first half, an improvement from the $114.4 million it lost in the same period a year earlier.

Springleaf has $9.4 billion of real estate receivables on its books, some of that in the form of residential debt, which is considered nonprime in quality. But it stopped all new real estate lending in January and laid off staff.

Fortress also owns a large chunk of specialty servicer Nationstar Mortgage, which went public this year. FIG controls Springleaf through a unit called FCFI Acquisition. American International Group (AIG) owns about 20%.

AIG was seized by the government during the financial crisis. It once owned all of American General/Springleaf.

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