Reader’s Digest Exiting Bankruptcy

After completing its restructuring plan, The Reader’s Digest Association is emerging from bankruptcy. RDA’s debt is reduced by about 75%, from the terms of the restructuring plan. As a result of this outcome, RDA will launch three new brands, publishing three magazines four times a year. While RDA is working its way back up, the U.K-based subsidiary is struggling and will most likely be sold or cease operations.

Bankruptcy does not have to be the end for anyone. There are ways in which you can recover from bankruptcy depending on your situation. You need to know that you do have options when you decide to file for bankruptcy and you can work to resolve this financial matter quickly. A bankruptcy attorney will help you to decide on the best course of action for your case so that you are not burdened any further. By working with a bankruptcy lawyer, you will have someone on your side who knows what is involved in filing for bankruptcy and what you can expect as a result. An attorney can guide you through this difficult process in order to make it as stress-free as possible. Click here to  find a bankruptcy attorney if you believe this a move you need to make.