April 01, 2013
The Reader's Digest Association Inc.'s bankrupt parent on Friday sought court approval to sell its affiliates in France, Sweden and Finland for a combined $5.8 million in an effort to streamline its international operations.
March 22, 2013
Reader's Digest Association Inc.'s publisher on Thursday submitted in New York bankruptcy court a reorganization plan that will convert about $475 million in debt into equity, shortly after it received a judge's go-ahead for a $105 million loan.
March 20, 2013
Unsecured creditors of the bankrupt Reader's Digest Association Inc. told a New York federal bankruptcy judge Tuesday that a $105 million debtor-in-possession loan between the company and a cohort of private equity groups wrongfully prevents them from cashing in on proceeds from trustee lawsuits.