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At the micro-economic level, deleveraging refers to the reduction of the leverage ratio, or the percentage of debt in the balance sheet of a single economic entity, such as a household or a firm. It is the opposite of leveraging, which is the practice of borrowing money to acquire assets and multiply gains and losses. -- Wikipedia

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The large glass recycler of windows and heavy laminated glass filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. It has secured commitments of $23 million, subject to court a
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