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Energy XXI Gets Nod To Use Cash Collateral As Ch. 11 Begins

By Jonathan Randles (April 15, 2016, 7:12 PM EDT) -- Energy XXI Ltd. got approval Friday from a Texas bankruptcy judge to utilize some of its lenders' cash in order to keep the business going as the oil and gas company begins its Chapter 11 case in hopes of eliminating $2.8 billion in debt....

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