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Xtera Converts Case To Ch. 7 After Auction Falls Short

By Matt Chiappardi (February 21, 2017, 8:38 PM EST) -- A Delaware bankruptcy judge allowed Xtera Communications Inc. to convert its case to a Chapter 7 liquidation after its canceled auction and $10.5 million sale to its post-petition lender didn't leave the estate with enough money to finish its case with a Chapter 11 plan....

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