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Toisa Bankruptcy

Toisa Ltd. and 23 affiliates, oil and gas tankers, filed for Chapter 11 bankruptcy with more than $1 billion in debt; reduced demand for oil and gas left them short of cash.

MANHATTAN – Toisa Ltd. and 23 affiliates, oil and gas tankers, filed for Chapter 11 bankruptcy with more than $1 billion in debt; reduced demand for oil and gas left them short of cash.

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