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What is a “pre-arranged” Chapter 11 filing?

chapter 11 filing
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What is a “pre-arranged” Chapter 11 filing?

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A “pre-arranged” filing means we have the terms of a plan to reorganize our Company and restructure our debt in place. Therefore, we expect to complete the restructuring process on an accelerated basis. We are confident that the terms of the restructuring will allow us to emerge better positioned for continued growth and success.

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