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Embattled WorldCom Inc.'s banks and bondholders are jockeying for position in Chapter 11 proceedings that appear increasingly unavoidable. Facing the uncertain future, WorldCom's bankers must decide whether to put new money into the Clinton, Miss.-based long-distance provider or enter into a bankruptcy process on the same level as company's bondholders.
July 01, 2002 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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