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From Times Staff and Wire Reports

Kalikow Debt Plan: Peter Kalikow said he is working on a plan to restructure his debts and maintain control of his vast empire. Kalikow is one of New York’s biggest developers and publisher of the New York Post. In his proposal, some of his assets would be put into a pool that would serve as collateral for about $1.1 billion he owes to more than a dozen banks and other institutions. Some of the nation’s biggest banks, including Citicorp, Chase Manhattan Corp. and Manufacturers Hanover Corp., have loans outstanding to Kalikow.

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