4Kids Entertainment Files for Bankruptcy Under Chapter 11

[Chris Beveridge]

4Kids entertainment has sent out a new press release declaring that they are going the Chapter 11 route and will seek to reorganize the company if successfully completed:

4Kids Entertainment, Inc. (Pink Sheets:KIDE.pk - News), the global children&rsquo...

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[The Great Bear]

How the mighty are fallen.

[bci110]

Chapter 11? I was expecting Chapter 7. They'll never get out of the abyss they created.

[One Vorlon]

Originally Posted by bci110

Chapter 11? I was expecting Chapter 7. They'll never get out of the abyss they created.

Its always Chapter 11, until its not. Its simply the more optimistic of the two options - the difference between cowering (behind the shield of bankruptcy court), begging "please don't hurt me" versus "Just make it (kill me) quick". If the creditors start pushing for (corporate) vivisection and black marker organ sales, 4Kids can still refilef for Chapter 7.

Personally, though, I'd kind of like to see their library of licenses survive. I still like Winx Club, and hope to (someday) see the last season - and (if we're really getting optimistic) the finale to Shaman King

[bci110]

Originally Posted by One Vorlon

Its always Chapter 11, until its not. Its simply the more optimistic of the two options - the difference between cowering (behind the shield of bankruptcy court), begging "please don't hurt me" versus "Just make it (kill me) quick". If the creditors start pushing for (corporate) vivisection and black marker organ sales, 4Kids can still refilef for Chapter 7.

Yeah I know (and actually working for a company that just recently got out of Chapter 11 bankruptcy, I feel for the employees at 4Kids about their job security), but I feel that they dug themselves in such a financial hole that even with restructuring, they'll never fully recover. Or at least be the company they once were.