Houghton Mifflin Harcourt Files Chapter 11 Bankruptcy

Posted on 5/29/2012 by Jim Pickerell | Printable Version | Comments (0)

Houghton Mifflin Harcourt (HMH) filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York.  The “pre-packaged” comprehensive financial restructuring plan will eliminate $3.1 billion of the company’s debt through a debt to equity transaction with its bank and bond holders.

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Copyright © 2012 Jim Pickerell. The above article may not be copied, reproduced, excerpted or distributed in any manner without written permission from the author. All requests should be submitted to Selling Stock at 10319 Westlake Drive, Suite 162, Bethesda, MD 20817, phone 301-461-7627, e-mail: wvz@fpcubgbf.pbz
Jim Pickerell is founder of www.selling-stock.com, an online newsletter that publishes daily. He is also available for personal telephone consultations on pricing and other matters related to stock photography. He occasionally acts as an expert witness on matters related to stock photography. For his current curriculum vitae go to: http://www.jimpickerell.com/Curriculum-Vitae.aspx.  

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