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MatlinPatterson Hits Ch. 11 With Plan To Wind Up Funds

By Vince Sullivan ( July 7, 2021, 11:52 AM EDT) -- Distressed debt investment fund MatlinPatterson Global Opportunities Partners II LP filed for Chapter 11 late Tuesday with plans to distribute its $142 million in cash assets to members and wind up its operations, but it needs to deal with overseas litigation judgments it says have hampered its desire to shutter the fund....

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