Tag Archives: bankruptcy

Details about your subscriptions via Swets

(31 October 2014) The bankruptcy curator has posted a notice dated 31 October 2014 to the effect that subscribers may request details about their 2014-2015 Swets subscriptions. The deadline to apply for details is 7 November 2014. This and other notices are here.


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Swets’s foreign companies included in bankruptcy proceedings

The bankruptcy curator for Swets has posted several announcements on its website. That of 23 October 2014 mentions that insolvency proceedings have been opened against various foreign companies of the Swets Group in other jurisdictions: – Swets Information Services A.S. (Denmark) – Swets Information Services GmbH (Germany) – Swets Information Services Inc. (Japan) – Swets […]


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Swets Information Services B.V. bankruptcy announced: advice from SAGE

(9 October 2014) Following the recent announcement that Swets Subscription Agents requested the court declare a suspension of payments and appoint an administrator, Swets Information Services B.V. bankruptcy has been announced. Please see the message on Swets website: http://www.swets.com/news/swets-information-services-bv-declared-bankrupt. In light of this, it is essential that you send subscription renewals and payments for SAGE […]


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Swets files for bankruptcy

(31 October 2014) Details about your subscriptions via Swets. (28 October 2014) Swets foreign companies included in bankruptcy proceedings. (9 October 2014) SAGE advises customers about payments. (25 September 2014) In a posting to liblicense-1, Ann Shumelda Okerson says:  Dear Readers,  We appreciate the goodwill of all, especially the publishers who’ve forwarded numerous messages to liblicense-l, […]


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Court confirms Cengage Learning’s plan of reorganization

(13 March 2014, New York, NY)  Cengage Learning, Inc., announced today that it has received confirmation of its Plan of Reorganization from the Bankruptcy Court for the Eastern District of New York, which has been overseeing the Company’s Chapter 11 proceedings following its voluntary filing on 2 July 2013. The Plan received full support from […]


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Cengage Learning announces global settlement with all major financial stakeholders

(New York, 3 February 2014 /Prnewswire)  Cengage Learning, Inc., a leading educational content, software and services company for the academic, professional and library markets worldwide, announced today that Cengage Learning (including certain domestic affiliates) have reached an agreement with the company’s major financial stakeholders and creditors regarding the terms of an amended Plan of Reorganization […]


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Cengage Learning reaches agreement with lenders to restructure balance sheet and strengthen financial position

(Stamford, CT, 2 July 2013) Cengage Learning, Inc. today announced an agreement with certain of its lenders to restructure its balance sheet and significantly reduce its approximately USD5.8 billion of outstanding debt to better position the Company for long-term growth and profitability. In order to implement the financial restructuring, Cengage Learning and all of its domestic wholly-owned […]


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Cengage Learning files for Chapter 11

In order to implement financial restructuring, Cengage Learning and all of its domestic wholly‐owned subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Eastern District of New York. Read the letter from the Cengage CEO customers here: http://www.cengage.com/restructuring/pdfs/Information_for_Cengage_Learning_Customers.pdf The Cengage news release on restructuring […]


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Cengage CEO seeking restructuring, may file bankruptcy

(11 May 2013) Bloomberg reports that Cengage Learning Inc., the educational publisher owned by Apax Partners LLP, is seeking to negotiate with creditors on a restructuring plan and may need to file bankruptcy as part of its turnaround efforts. Read the story here: http://www.bloomberg.com/news/2013-05-10/cengage-ceo-seeking-restructuring-may-file-bankrupy.html


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