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Irish Bank Resolution Corp. Seeks Bankruptcy Shelter in U.S.

Irish Bank Resolution Corp. of Dublin, formerly Anglo Irish Bank Corp., filed a Chapter 15 bankruptcy petition in Delaware yesterday to protect U.S. holdings, listing more than $1 billion each in assets and debt.

Ireland’s government put the nationalized lender Irish Bank Resolution Corp. into liquidation in February under a plan to restructure its 34.7 billion-euro ($46.3 billion) bailout. The previous administration gave the bank through 2020 to wind down.