Skillsoft Corporation Files for Bankruptcy

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Recently, Skillsoft Corporation, an e-learning company, announced they will be filling for bankruptcy. They have agreed to an agreement of restructuring its $2 billion debt to $410 million. The filing took place at the US Bankruptcy Court of Delaware, in which the court documents say the company has assets of up to $1 million and liabilities near $10 billion. As of now, the company says this does not affect any of their current employees and they plan to continue to operate business through this restructuring process.

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