Finance, Taxes, Insurance
MD Helicopters Files Chapter 11 Bankruptcy
MD Helicopters receiving $60 million in debtor financing, will continue operating, while assets sold.

MD Helicopters voluntarily filed Chapter 11 bankruptcy (reorganization) earlier today as part of a strategy to infuse the company with $60 million of fresh “debtor-in-possession” capital, discharge potentially crippling debt, and expedite the sale of its assets. In a prepared statement, MD said it would continue operations as normal during the reorganization.