Citation
Chapter 11 Bankruptcy Filing
TL;DR
Comic book market collapse from overprinting
Official bankruptcy filing documenting Marvel's $700 million debt and providing the legal framework that enabled strategic hibernation. Chapter 11 served as 'legal hibernation' - freezing debt payments and buying restructuring time.
Key Findings from Group (1996)
- $700 million in debt
- Comic book market collapse from overprinting
- Chapter 11 provided restructuring time
- IP assets (characters) remained protected