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Paragon's Ch. 11 Plan Nixed Due To Liquidity Concerns

By Vince Sullivan (October 28, 2016, 7:01 PM EDT) -- A Delaware bankruptcy judge on Friday denied confirmation on the Chapter 11 plan of reorganization proposed by Paragon Offshore PLC because he said the plan called for too much cash to be drained from the company for it to survive the competitive and unpredictable oil and gas industry post-bankruptcy....

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