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Last week, the company said it might have to file for protection from creditors.
Some large carriers, like Eastern and Braniff, which in 1982 was the first to file for protection under Chapter 11, disappeared altogether.
If they fail, Metromedia Fiber said, it will file for protection from creditors under Chapter 11 of the bankruptcy law in an effort to reorganize.
But on Oct. 30 the board of directors voted to file for protection under Chapter 11, and papers will be submitted to court next week.
Big companies like Enron usually file for protection from creditors with the intent of reorganizing after some of their debts and contracts are canceled.
The federal trademark office does not keep statistics on the professional athletes who file for protection, nor does the International Trademark Association, which represents owners.
Similar(40)
Eurotunnel processed an initial filing for protection on Tuesday.
Pacific Gas filed for protection from creditors in April.
Babcock & Wilcox and Pittsburgh Corning filed for protection earlier this year.
The orchestra filed for protection under Chapter 11 in April.
US Airways filed for protection under Chapter 11 bankruptcy proceedings on Sunday.
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CEO of Professional Science Editing for Scientists @ prosciediting.com