Court of Appeals for the Seventh Circuit July 2, 1992, 91-3005 (In the Matter of Cmc Heartland Partners, Debtor)

EASTERBROOK, Circuit Judge.

Competition from trucks combined with onerous regulation got the better of the fabled Milwaukee Road during the 1970s. In 1977 the Chicago, Milwaukee, St. Paul & Pacific Railroad filed a petition under § 77 of the Bankruptcy Act of 1898. After

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abandoning losing spurs, it sold some operations to short lines and the rest to the Soo Line. E.g.