SpringLeaf Finance Corp., which is partly controlled by the U.S. government, has entered into another round of layoffs, and may have to file for bankruptcy protection, according to industry advisors close to the company.

In a recent SEC filing, the Evansville, Ind.-based nonprime residential servicer raised the bankruptcy issue, saying if its financial condition does not improve, “we may not be able to generate sufficient cash to service our debt.”

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