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Houghton Mifflin Harcourt Publishers Files Chapter 11 Bankruptcy

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HOUGHTON MIFFLIN BANKRUPTCY
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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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