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Mortage, morgage With this agreement in place, Berry-Hill is another step closer to its emergence from bankruptcy. Several weeks ago, the Company announced that it had resolved all disputes with its primary lender, ACG Credit Company, LLC ("ACG"), an affiliate of Art Capital Group. Berry-Hill filed under chapter 11 in December 2005 as a strategic decision to protect its business and customers while dealing with short-term liquidity issues resulting from a lawsuit filed against the Company in August 2005 by ACG. Kettering Refinancing Home Equity Loans In addition to the execution of mutual releases, the settlement among other things, provides for ownership by Christie's of the Edward Hopper painting "Chair Car" and permits Berry-Hill to show such painting to prospective buyers, earn a fee as introducing broker, and participate with Christie's in the allocation of proceeds and any profits with respect to its sale.
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