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It'll be one of those prepackaged bankruptcies that has the support of creditors and should be completed relatively soon. The reorganization plan would clear about $4 billion in debt and install managers from Spyglass Entertainment. In this morning's filing the movie company listed assets and liabilities of more than $1 billion each. (Bloomberg)
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.