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Byline: Cynthia Vinarsky
Jul. 31--A committee of CSC Ltd. creditors says it's time to give up on the troubled Warren steel mill.
The unsecured creditors committee, made up of several large companies that were owed substantial sums when CSC filed for Chapter 11 bankruptcy protection in January, is asking the U.S. Bankruptcy Court here to convert the steelmaker's case to Chapter 7.
Chapter 11 allows companies to continue operating while managers negotiate a financial restructuring. A Chapter 7 filing calls for a company to be liquidated and the proceeds distributed to its creditors.
In a motion filed by Atty. Mark Hebbeln, a Chicago attorney, …