Dolan Co. Seeks To Offload $170M Debt In Ch. 11

Law360, New York (March 20, 2014, 4:57 PM EDT) -- The Dolan Co., a Minneapolis-based publisher and professional services provider, on Thursday said it has begun a comprehensive balance sheet restructuring and will file for Chapter 11 bankruptcy next week in order to alleviate some of roughly $170 million in debt obligations, ultimately becoming majority-owned by Bayside Capital Inc.

The company said on Thursday that it has already initiated what it called a "pre-packaged bankruptcy," which will allow the day-to-day working of the business and its affiliates to continue to operate as usual, meaning employees, vendors...
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