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| | Financial services firm Conseco seeks Chapter 11 protection. - Dec. 18, 2002 |
 | | Conseco's stock was delisted from the New York Stock Exchange last summer, and its shares last sold for less than 4 cents each in over-the-counter trading Monday. |
 | | As part of the restructuring effort, Conseco said it would sell Conseco Finance, the source of much of its problems, to a group of investors in an effort to raise cash and pay off debt. |
 | | Conseco, based in Carmel, Ind., piled up massive debts in a 1990s acquisition binge under flamboyant founder and Chief Executive Stephen Hilbert, capped by what turned out to be its disastrous purchase of loan firm Green Tree Financial, now called Conseco Finance, in 1998. |
| money.cnn.com /2002/12/18/news/companies/conseco (351 words) |
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