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Vesttoo begins Chapter 11 proceedings to restructure

Move comes as Aon subsidiary demands return of collateral ....

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Texas Court Upholds Removal of Asset Purchaser's Subrogation Rights

United States District Court for the Southern District of Texas affirmed bankruptcy court’s exercise of Bankruptcy Code provisions to strip subrogation rights of sureties against asset purchaser. Sureties appealed provisions confirming authorizing sale of debtors’ assets. ....

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