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Yellow Pages Publisher Emerges From Bankruptcy

The publisher of Yellow pages has recently emerged from Chapter 11 bankruptcy under a new name and with a new balance sheet.

After spending the last eight months restricting its finances and cutting its debt nearly in half, R.H. Donnelley has finally emerged from bankruptcy under the new name, Dex One.

According to an article in the Denver Post, the company will remain under the control of its bondholders, who agreed to swap nearly $6 billion in debt for 100% of the company’s new equity.

The company began accumulating more and more debt as customers began shifting their searches to the Internet and advertising spending was down. The company, which will be publicly traded on the New York Stock Exchange, plans to focus a lot of its business on the Internet, where the large majority of its customers are now going to conduct their searches.

Interested in Filing for Bankruptcy?

At the Law Office of Teresa Beyers, a knowledgeable and well-practiced Los Angeles bankruptcy attorney can help if you or your business is floundering under too much debt. An attorney at the office can identify which type of bankruptcy you should file for depending on your particular situation, help you prepare the necessary documents, and guide you through each stage of the bankruptcy process.

To arrange a consultation, please contact the Law Office of Teresa Beyers today!

Categories: Chapter 11 Bankruptcy