One of many top publishers of textbooks and other educational materials for the U.S. K 12 learning education market has experienced a dramatic decline in profits and sales in the aftermath of the 2008-2009 financial market crisis and economic recession and is overburdened with debt. The organization has to significantly reduce its debt by billions of dollars, to regain its competitiveness. Business management is attempting to decide which of several options is best for attaining this aim, including filing for Chapter 11 bankruptcy, restructuring its debt out-of-court, or filing a "pre-packaged" Chapter 11 bankruptcy.
PUBLICATION DATE: January 20, 2011 PRODUCT #: 211027-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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