Readers Digest Association, Inc.

Company

  • Pre-filing annual sales: $2,631 (millions of current dollars)
  • Pre-filing assets: $5,452 (millions of current dollars)
  • Pre-filing number of employees: 4,700
  • Sub-industry: 27 Printing, Publishing, And Allied Industries
  • Place of incorporation: DE
  • Court for city of headquarters: NY White Plains
  • In business at filing? yes

Bankruptcy case

  • Chapter at filing: Chapter 11
  • Who filed case? debtors
  • Debtor's lead attorney: Kirkland Ellis
  • Date of filing: August 24, 2009
  • Judge at filing: Robert D. Drain
  • Court district of filing: NY SD
  • Court city of filing: White Plains
  • Case number: 09-23529
  • Cause of bankruptcy: Not tort
  • Forum shop? Filed at headquarters

  • Case transferred? no
  • Destination court of transfer: not applicable
  • Creditors committee appointed? yes
  • ยง363 sale: no 363 sale
  • Dip loan final approval? yes
  • Plan type: prenegotiated

  • Disposition status: confirmed
  • Date of disposition: January 19, 2010
  • Judge at disposition: Robert D. Drain
  • Days from filing to disposition: 148

After the case

  • Did firm emerge? Company emerged
  • Did firm refile? emerged 5 years, refiled


The BRD has been supported by grants from these organizations:

National Conference of Bankruptcy Judges

Turnaround Management Association

American Bankruptcy Institute

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