'One Life To Live' Production Co. Hits Ch. 11

Law360, Wilmington (March 11, 2014, 5:13 PM EDT) -- The Los Angeles-based production company that attempted short-lived online revivals of famous soap operas “One Life to Live” and “All My Children” filed for Chapter 11 protection late Monday in Delaware, listing up to $50 million in debt and indicating that it intends to wind down operations.

In a petition filed in Delaware bankruptcy court, Prospect Park Networks LLC listed between $50 million and $100 million in assets against a range of $10 million to $50 million in debt.

The filing included a document signed by...
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