Henninger Media Services of Arlington, U.S. is down but not out. The company, which specializes in production and post-production, voluntarily filed for Chapter 11 bankruptcy protection on July 16, a prudent business decision to ensure Henninger's long-term viability, according to Steve Schupak, VP of strategic marketing and business development. Chapter 11 bankruptcy protection is a court order that grants a company a reprieve from creditors while it reorganizes.
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