LEGAL END-AROUND: "The bankruptcy allows the majority of those who signed off on the plan to prevail," Anchor CEO Chris Bauer says.

Wisconsin Bank Seeks Novel Rescue in Bankruptcy Court

Anchor BanCorp Wisconsin finally found some capital after a four-year search, but that wasn't enough. It has filed for Chapter 11 as a way to get Associated Banc-Corp, one of its creditors and competitors, to consent to its recapitalization.

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