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IRS Objects To Shipping Co.'s $200M Bankruptcy Plan

By Ryan Boysen (February 13, 2017, 7:58 PM EST) -- The Internal Revenue Service and an insurer filed objections Friday to International Shipholding Corp.'s Chapter 11 plan to restructure more than $200 million in debt, saying the plan treats their claims unfairly and hasn't been shown to be feasible, echoing the concerns of five other creditors who filed objections on Thursday....

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