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More on CH 11 BK- Reorganization

Chapter 11
This proceeding of the U.S. Bankruptcy Code involves the reorganization of the debtor's business affairs and assets. The company undergoing Chapter 11 expects to return to normal business operations and sound financial health in the future. It's generally filed by corporations that need time to restructure debt that has become unmanageable. Chapter 11 gives the debtor a fresh start, which depends on the debtor's fulfillment of obligations under the reorganization plan. A Chapter 11 reorganization is the most complex and, generally, the most expensive of all bankruptcy proceedings. It is therefore undertaken only after the company has carefully analyzed and considered all alternatives.

According to AMS recent news, appreas they are on track for Reorganization, selling some assets to reduce debt etc...


Recent News More >>
Date Title
04/12/07 Advanced Marketing Services Announces Agreements for Sale of Bookwise, Publishers Group UK, and H.I. Marketing
03/21/07 Advanced Marketing Services Announces Completion of Sale of Majority of its Assets
02/12/07 Advanced Marketing Services And Baker & Taylor Enter Into Letter Of Intent On Assets Purchase
01/29/07 Advanced Marketing Services, Inc. Announces Appointment of Marc E. Ravitz to the Board of Directors





A company may file for Chapter 11 to protect itself from litigation -- such as those involving asbestos claims. It may have no intention of abandoning shareholders, and investors might even see their shares rise as the company's prospects improve.