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| NTL Files World's Largest Debt Default by Jeremy at 6:51 am EDT, May 9, 2002 | |||
NTL Inc. filed for Chapter 11 bankruptcy protection, citing $23.38 billion in debt, as part of a recovery plan that will hand bondholders a controlling stake in Britain's largest cable-television company. The New York-based company's debt default is the largest in history, eclipsing Enron Corp.'s $9.9-billion nonpayment last year. | |||
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