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Kmart Corp.'s celebrated "BlueLight" gained a distinctive tinge of red after the company filed for Chapter 11 Tuesday in U.S. Bankruptcy Court in Chicago, making it the largest retailer to seek bankruptcy protection in history. But, hoping to emerge from bankruptcy by 2003, Kmart said it expects to secure $2 billion in debtor-in-possession financing from entities including Credit Suisse First Boston and J.P. Morgan Chase.
January 22, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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