Showing posts with label Reorganization. Show all posts
Showing posts with label Reorganization. Show all posts

Wednesday, April 28, 2021

My Alarm Center Files for Bankruptcy to Reorganize, Eliminate Debt


My Alarm Center Files for Bankruptcy to Reorganize, Eliminate Debt | #TpromoCom #Security #SDM #Reorganization #Bankruptcy | My Alarm Center, a provider in home security, announced that 100 percent of its senior lenders and other key stakeholders have agreed to support the company’s prepackaged plan of reorganization under Chapter 11 of the U.S. Bankruptcy Code. https://bit.ly/32WBXJi

The reorganization provides for elimination of approximately $235 million of legacy debt obligations. This will allow the company to focus on core competencies without the burden of servicing significant debt levels. (read more)


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