Lehman Brothers Whittles Liabilities To $200B
When the former financial services company filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York, it listed $613 billion in debts. According to a company spokeswoman, the reduction came about because Lehman's original debt included $400 billion in short-term loans offset by a similar amount of assets that “netted out.”
Lehman's bond prices...
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