UK's Towergate Seeks Ch. 15 Relief Amid $1.6B Workout

By Andrew Scurria · March 9, 2015, 6:51 PM EDT

British insurance brokerage Towergate Finance PLC petitioned for a New York bankruptcy court's protection on Friday in aid of a £1.05 billion ($1.59 billion) restructuring proposal in the U.K. brought on...

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