One of the leading publishers of textbooks and other teaching materials for the U.S. K-12 educational market suffered a sharp decline in manual sales and profits as a result of the 2008-2009 financial crisis and market downturn and now overwhelmed in debt. To restore its competitiveness, the company must significantly reduce its debt by billions of dollars. Management of the company is trying to decide which of several options is best for this purpose, including the filing of Chapter 11 bankruptcy, restructure its debt outside of court or file a "prepackaged" Chapter 11 bankruptcy. "Hide
by Stuart C. Gilson, Sarah L. Abbott Source: Harvard Business School 25 pages. Publication Date: January 20, 2011. Prod. #: 211027-PDF-ENG
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