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The FLS is currently thought of a debtor in possession, indicating it can continue on to publish newspaper and Online page, run radio stations and even more because it restructures in bankruptcy court.
The organization may perhaps provide its assets into a The big apple-based expense group that's among its debt holders, bankruptcy court files exhibit.
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“Sandton also indicated that it ideal being the entity that received the business’s assets and, if it did obtain possession of the corporate’s assets, it will proceed the company’s firms,” Cost-free visit this website Lance-Star Publishing mentioned in its court filings.
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