Bankruptcy Knoxville

Another article discussing the Charter bankruptcy reorganization. Originally discussed in this post.
“There will be several changes. First, Charter’s debt will drop by about $8 billion; it still will have $13 billion to pay off. Microsoft Corp. co-founder Paul Allen’s majority holdings in the company will fall to a 2 percent stake, although he will have [...]

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As was widely reported previously, CIT Group has filed under Chapter 11 bankruptcy. It’s of interest to the U.S. economy because hundreds of thousands of small businesses all across the nation rely on this company for financing. A quick and effective resolution to the bankruptcy is in the best interest of everyone involved. Luckily that [...]

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