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Circuit City, Creditors Reach Accord

Richmond, Va. –
Circuit City and its creditors have apparently cleared the way to settle claims
from the chain’s 20-month-old bankruptcy filing.

According to the Richmond-Times
Dispatch, the two sides ironed out their differences over how the creditors will
be paid during a


session last week.

A final hearing
date to approve the plan is expected to be set in September.