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Vertis Files For Chapter 11 Bankruptcy
November 19, 2010 by Bankruptcy Search
Filed under Bankruptcy Help
The company, which offers advertising inserts and direct marketing solutions, is embarking on a “pre-packaged” bankruptcy plan, where the debtor and creditors have already negotiated a reorganization plan, which includes $600 million in financing from Morgan Stanley and GE Capital. The company expects to emerge from bankruptcy in about two months.
The company completed a similar pre-packaged bankruptcy two years ago when it merged with a competitor.
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