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The Hunt brothers of Dallas have filed...

The Hunt brothers of Dallas have filed a plan to reorganize their debts that indicates their energy companies and real estate holdings are about $1.4 billion in the red. The filing in U.S. Bankruptcy Court proposes combining the assets of the Hunts’ separate trusts with a handful of jointly owned companies to bring the William Herbert Hunt Trust Estate out of Chapter 11 debt reorganization. The Hunt brothers’ bank creditors filed a competing reorganization plan that seeks control of the William Herbert Hunt Estate Trust, worth $615 million at the time of the Chapter 11 reorganization petition in August, 1986.


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