LinkLinks DCist: After 52 Years, The Current Newspapers Are Shutting Down By Editor On May 13, 2019 Last updated May 13, 2019 23 Share The former publisher of The Current newspapers petitioned to change the company’s bankruptcy filing from a Chapter 11 to a Chapter 7 in late April, further eroding any hope that the 52-year-old publication would survive its financial crisis intact. While Chapter 11 bankruptcies allow for a debtor to retain control of their assets and continue business operations, under Chapter 7, companies have to liquidate all their assets to repay their debts. BankruptcyMedia 23 Share FacebookTwitterReddItWhatsAppEmailPrint
Comments are closed.