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Credit Crunch Forcing Bankrupt Firms to Liquidate

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Lenders Have Turned Off Spigot to Bankrupt Firms; General Motors and Delphia May Be Forced to Liquidate Without Financing; According to Chapter 11, Senior Secured May Get 70-80% Recovery, Debtors May Recover 50%

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Credit Crunch Forcing Bankrupt Firms to Liquidate

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