Dolan Co. To File for Bankruptcy

The Dolan Co. is reportedly set to file for bankruptcy protection. According to reports, the business is going to file for Chapter 11 bankrutpcy with a prepackaged plan. It is reported that it has become burdened by its own accumulated debt with existing shareholders expected to be wiped out. The business reportedly hopes to reduce secured debt from about $170 million to $50 million.

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