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>> TIME, INC. Latest News

APR 29, 2014 - TheStreet

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Energy Future Lights up Chapter 11 Petition

NEW YORK (The Deal) -- Following months of speculation on when it would file for bankruptcy, private equity-backed Energy Future Holdings has commenced Chapter 11 proceedings to implement a restructuring that would split the company between creditors and eliminate more than $26 billion in debt. The Dallas electricity provider, once the subject of what was the largest leveraged buyout ever to that time, submitted a petition on early Tuesday morning in the U.S. Bankruptcy Court for the District of Delaware in Wilmington. Judge Christopher S. Sontchi has not yet set a hearing on the ... Read More

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