At $6 billion, is the Avaya debt too much to overcome?
After Avaya Inc. filed for Chapter 11 bankruptcy protection last week, reactions ranged from worry to relief. Avaya filed voluntarily with the stated objective to improve its structure.
The filing affects Avaya and most U.S. subsidiaries. Most foreign affiliates are not included. Avaya is actually about 158 separate entities that employ about 9,700 people worldwide. The entities that filed for Chapter 11 represent about 3,800 employees.
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