Hunt Bankruptcy Plan Approved: A federal bankruptcy...
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From Times Staff and Wire Reports
Hunt Bankruptcy Plan Approved: A federal bankruptcy judge approved a reorganization plan for ex-billionaire Nelson Bunker Hunt. Under the plan, the $222 million left of Hunt’s multibillion-dollar fortune will be transferred to a trust and proceeds from the trust will be used to repay debts. About 70% of the money will go to the Internal Revenue Service.
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