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- 2008-1-3
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- 1970-1-1
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Monitor only filed for Chapter 11, which is bankruptcy protection. Pure bankruptcy would be Chapter 7.
Many great companies filed for Chapter 11 and got back in competition, such as Delta
What I don't get is why it would be acquired by Deloitte. I mean, filing for Chapter 11 doesn't mean you can't function anymore, just means that you don't have to clear the liabilities you have. Kind of ruins your reputation, but keeps you in the market.
Now I wonder what it does to the packages of Monitor employees. |
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