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Evening Standard
Evening Standard
Business
Daniel O'Boyle

Cineworld warns it may not be able to stay afloat long enough to exit bankruptcy protection

Cineworld

New Cineworld court documents reveal that it may not remain in business long enough to make it out of Chapter 11 bankruptcy protection.

Cineworld filed for Chapter 11 bankruptcy protection last year, and looked set to exit after agreeing a deal with its creditors. As announced last week, that agreement allowed creditors to take full control of the business with shareholders getting wiped out.

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