Reuters: Bankruptcy News: Houghton Mifflin files Chapter 11 bankruptcy

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Houghton Mifflin files Chapter 11 bankruptcy May 21st 2012, 12:10 Mon May 21, 2012 8:10am EDT May 21 (Reuters) - Houghton Mifflin Harcourt Publishers Inc filed for bankruptcy protection on Monday, after the publisher of textbooks reached an agreement with a majority of its creditors to cut about $3.1 billion of debt. The Boston-based company filed for Chapter 11 protection from creditors with the U.S. bankruptcy court in Manhattan. It said it had more than $1 billion of both assets and liabilities.

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