Vice Media Group plans to file for bankruptcy
Fortress Investment Group is the company’s largest holder of debt and if Vice enters Chapter 11 would likely control the business.
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Fortress Investment Group is the company’s largest holder of debt and if Vice enters Chapter 11 would likely control the business.
The company is seeking court approval of the disclosure statement and to establish procedures to solicit votes on the Amended Plan at a hearing scheduled for September 1, 2021
The company listed assets and liabilities in the range of $10 bn to $50bn, according to filings.
