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Bankruptcy Brief: Who’s on Penney’s Unsecured Creditors Committee?

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In the latest development in J. C. Penney’s Chapter 11 court case, the bankrupt chain now must contend with a newly formed unsecured creditors committee while it has its hands full reopening stores. Nine companies were named to the committee to represent the interests of all unsecured creditors in Penney’s bankruptcy, according to a court…

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