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U.S. Judge Approves Polish Steel Makers Chapter 15 Filing

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Bankruptcy Judge Sean Lane granted chapter 15 protection to Zlomrex International Finance SA, the London-based finance arm of Polish steel maker Cognor SA, a key element of its debt-exchange effort now underway in the U.K., Dow Jones Daily Bankruptcy Review reported today. The Polish steel maker is seeking to restructure 126.1 million euros ($172.5 million) in debt that was due in February.