May 29, · Houghton Mifflin Harcourt Publishing Files for Bankruptcy Protection Houghton Mifflin Harcourt Publishing Company, publisher of well-known works by authors J.R.R Tolkien and Mark Twain, as well as Curious George and Lord of the Rings, filed for Chapter 11 bankruptcy protection recently in New York as they work to reduce outstanding debt valued at more than $3 billion. Houghton Mifflin Harcourt filed for bankruptcy protection Monday as part of a deal with its creditors to eliminate $ billion in debt, and the Boston-based publishing giant said the restructuring. On May 21, Houghton Mifflin Harcourt Publishing Company filed petition for bankruptcy under Chapter 11 in the United States Bankruptcy Court for the Southern District of .
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Houghton Mifflin Harcourt Chapter 11 Bankruptcy. Previous Next. About the Author: Alexander Zolfaghari. Coronavirus Update. For facts on Coronavirus and ways to manage, please. Miller says it's tough for all textbook publishers, but especially for Houghton, which as been around since and is one of the country's leading K educational publishers. It published Ralph Waldo Emerson, among others, so it hits particularly hard when that happens.
But some analysts say Houghton has been having problems for years, especially after its merger with Harcourt in and then with electronic educational publisher Riverdeep in Kathy Mickey, senior analyst with Simba Information, says there are several things at play: changes in publishing, yes, but also the shift toward new so-called "Common Core" education standards and Houghton's previous business decisions. In a court filing, general counsel William Bayers said the reorganization has support from Houghton Mifflin expects to emerge from bankruptcy by June With a history dating to , Houghton Mifflin said its products serve 60 million students in countries.
Houghton Mifflin also agreed in January to distribute titles from an Amazon. That restructuring was out-of-court and did not involve a bankruptcy filing.