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File for bankruptcy

Cineworld is looking at restructuring the business to shed its massive debt. It means that Cineworld could file for Chapter 11 in the US - this is a form of bankruptcy that allows a business to.

Filing bankruptcy can help a person by discarding debt or making a plan to repay debts. A bankruptcy case normally begins when the debtor files a petition with the bankruptcy court. A petition may be filed by an individual, by spouses together, or by a corporation or other entity.

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It is advisable for businesses and individuals to consult with an attorney before filing a bankruptcy petition. Bankruptcy, or more specifically, a case that is filed under one of the chapters of title 11 of the United States Code (the Bankruptcy Code), is a legal procedure for dealing with debt problems of individuals and businesses.. Cineworld Group PLC, the owner of Regal Cinemas, is preparing to file for bankruptcy within weeks after struggling to rebuild movie-theater attendance from pandemic lows, according to people.

Bankruptcy Basics provides basic information to debtors, creditors, court personnel, the media, and the general public on different aspects of federal bankruptcy law. It also provides individuals who may be considering filing a bankruptcy petition with a basic explanation of the different chapters under which a bankruptcy case may be filed and ....

It is advisable for businesses and individuals to consult with an attorney before filing a bankruptcy petition. Bankruptcy, or more specifically, a case that is filed under one of the chapters of title 11 of the United States Code (the Bankruptcy Code), is a legal procedure for dealing with debt problems of individuals and businesses..

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