Creditors try forcing Anderson News into bankruptcy

NEW YORK, March 2 Mon Mar 2, 2009 7:38pm EST

NEW YORK, March 2 (Reuters) - Creditors of Anderson News LLC, a sales and marketing company for books and magazines, on Monday sought to force the company into bankruptcy proceedings.

In court papers filed in U.S. bankruptcy court in Manhattan, publishing companies Hachette Book Group, HarperCollins Publishers, Random House Inc and Simon & Schuster Inc said they are owed a combined $37.5 million.

Under U.S. law, creditors may begin an involuntary bankruptcy proceeding to force a debtor to confront the debts they are owed. The alleged debtor has about 20 days to object to the filing.

A phone number for the Knoxville, Tennessee-based company has been disconnected.

The case is Re: Anderson News, LLC, U.S. Bankruptcy Court, District of Delaware, No. 09-10695. (Reporting by Emily Chasan; Editing by Gary Hill)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.