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Not exact matches
The company, which is
controlled by private equity firm Cerberus Capital Management, will shed some $ 700 million in debt in the prepackaged reorganization that will be
filed soon with federal
bankruptcy court in Wilmington, Del..
And Aegis Mortgage, which is
controlled by Cerberus, the private equity giant,
filed for
bankruptcy protection, last week.
On Friday, a company
controlled by Ms. Keeser that owns the museum's home
filed for Chapter 11
bankruptcy protection in Manhattan — a step that would forestall any foreclosure proceedings.
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From there, pictures of a presentation began to circulate among Chinese news outlets, purporting to show that Faraday had planned to
file for
bankruptcy in August, with the intention of turning
control of the company over to new investors
by November.