Morris Publishing Group To File Chapter 11 Bankruptcy
After months of intense negotiations, Morris Publishing Group, owner of 13 daily newspapers in eight states including Texas has announced plans to file for Chapter 11 bankruptcy. The company plans to file a “prepackaged” bankruptcy plan that has already been approved by the majority of its creditors. If accepted by the bankruptcy trustee, the prepackaged bankruptcy plan could slash Morris Publishing’s debt of $415 million by nearly 70 …
Tags: Chapter 11 Bankruptcy Debt Morris Publishing Group
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