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Energy Future Creditors Move to Claw Back Lender Payments

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Two major groups of creditors have mounted attacks on the debt topping Energy Future Holdings Corp.'s $42 billion pile of unpaid bills as part of a campaign to claw back $2.4 billion or more collected by senior lenders, Dow Jones Daily Bankruptcy Review reported today. Threats of lawsuits arrived on Friday, as Energy Future struggles to forge a consensus on a path out of bankruptcy. The Texas energy company has circulated a chapter 11 exit plan framework designed to operate as a focus for talks and is up against a June 23 deadline to propose an emergence scheme.