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Here’s Why Bankrupt Arcadia’s Unsecured Creditors Won’t Get Much on Their Claims

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Sir Philip Green’s Arcadia Group collapsed into administration on Nov. 30 under a mountain of debt. How much? A report in The Telegraph, which said it has seen documentation prepared by the fashion empire’s administrators at Deloitte, said the company had 750 million pounds ($1.03 billion) outstanding. Over half of that amount, or more than…

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