Circuit City, Creditors Reach Accord

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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

court-ordered mediation

session last week.

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

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