Free Republic 3rd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $16,245
20%  
Woo hoo!! And we're now over 20%!! Thank you all very much!! God bless.

Keyword: theeconomu

Brevity: Headers | « Text »
  • Muzak files for Chapter 11 bankruptcy

    02/12/2009 10:21:08 AM PST · by a fool in paradise · 39 replies · 856+ views
    Reuters ^ | Tue Feb 10, 2009 1:31pm EST | Reporting by Santosh Nadgir in Bangalore and Emily Chasan in New York;
    Music and entertainment company Muzak Holdings LLC, which is known for providing background music in stores and hotels, said on Tuesday that it has filed for Chapter 11 bankruptcy protection to restructure its debt. In documents filed with a U.S. bankruptcy court, the Fort Mill, South Carolina-based company listed assets in the range of $0 to $50,000 and liabilities in the range of $100 million to $500 million. "We believe chapter 11 will provide us with the opportunity to right size our capital structure and gain financial flexibility...," Chief Executive Stephen Villa said in a statement...