Chicken Soup for the Soul Files for Chapter 11 Bankruptcy
- Company lists debts of at least $500 million in court papers
- Entertainment firm failed to outrun Redbox buyout debt
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Chicken Soup for the Soul Entertainment Inc. — the seller of self-help books, film and television content — filed for bankruptcy after failing to outrun a heavy debt load.
The media company filed for Chapter 11 protection in Delaware late Friday, listing assets and liabilities of at least $500 million each. The filing allows Chicken Soup to keep operating while it works on a plan to repay creditors.