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Guitar Center Bankrupt

Guitar Center filed Saturday for Chapter 11 in a federal bankruptcy court, listing up to $10 billion in assets and liabilities.

RICHMOND, Va. — Guitar Center filed Saturday for Chapter 11 federal bankruptcy protection, listing up to $10 billion in assets and liabilities. Wilmington Savings Fund Society FSB is far and away the lead creditor, with an unsecured claim of more than $379 million, ahead of Yamaha, Fender and Gibson Guitar.

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