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DirectBuy Becomes Latest Retailer To Declare Ch. 11

By Matt Chiappardi (November 1, 2016, 10:15 PM EDT) -- Membership buying service DirectBuy became the latest retailer to seek bankruptcy protection Tuesday, filing for Chapter 11 relief in Delaware months after closing all of its franchise locations and with plans to sell the business in order to restructure nearly $200 million in debt....

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