November 23, 2017

Houghton Mifflin Harcourt Files Chapter 11, To Swap Debt for Equity

Major publishing house Houghton Mifflin Harcourt (HMH) filed for Chapter 11 bankruptcy today in the U.S. Bankruptcy Court for the Southern District of New York. The “pre-packaged” restructuring is expected to be completed by the end of June. In the court filing, HMH estimated that it owed more than $1 billion in debts (the press […]