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Irish Mirror
Irish Mirror
Lifestyle
David Kent

Cineworld confirms it is considering bankruptcy as it struggles with debts in US

Cineworld

Cineworld has confirmed it is considering whether to put the cinema chain into bankruptcy as it struggles with almost $5 billion of debt.

Bosses at the cinema chain confirmed on Monday they are considering options for restructuring the business - which could lead to a Chapter 11 bankruptcy filing in the US.

Chapter 11 is often referred to as reorganisation bankruptcy and does not mean the company is destined to close.

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