All Things Newz

Cineworld Group files for U.S. bankruptcy as it struggles with debt

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Britain’s Cineworld Group said on Wednesday it had filed for bankruptcy protection in the United States as the world’s second-largest cinema chain operator struggles to find other ways to restructure its debt-laden balance sheet.

The Chapter 11 filing, which can allow a company to stay in business and restructure its debt, involves Cineworld’s U.S., U.K. and Jersey businesses.

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