Avaya Hits Ch. 11 In NY With More Than $1B In Debt

By Martin O'Sullivan (January 19, 2017, 5:25 PM EST) -- Telecom giant Avaya Inc. and its U.S. subsidiaries filed for Chapter 11 bankruptcy protection in New York on Thursday with more than $1 billion in debt, the same day it revealed its rejection of a $3.9 billion bid for its call-center software business....

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