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INDIANAPOLIS — Insurance and finance company Conseco Inc., facing $6.5 billion in debt and a federal investigation of its accounting practices, filed for Chapter 11 protection in the third-largest bankruptcy in U.S. history.... Company officials have said Conseco's insurance subsidiaries have remained fundamentally sound despite the parent company's debt problems..... The filing covers Conseco Inc., the parent company, as well as St. Paul, Minn.-based Conseco Finance Corp. and its consumer finance subsidiaries. Conseco's insurance operations are not included in the filing. More>>


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