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Lehman ups payback
Lehman Brothers Holdings is increasing to $65bn (£40.3bn) its estimated payback for creditors, a company spokeswoman said last night. The figure represents a $5bn increase from the $60bn Lehman forecast in January, they added. Lehman hopes to begin making distributions to its creditors during the first quarter of 2012. Lehman filed the biggest bankruptcy in US history in September 2008, listing $639bn in total assets. The company and the two competing creditor groups have each proposed a plan for how to divvy up the remaining assets between creditors.