CPM files for Chapter 7
According to CrainsNewYorkBusiness.com, Central Park Media filed for Chapter 7 bankruptcy on April 27th and closed its doors for good. The company owes its creditors $1.2 million dollars. Under Chapter 7 bankruptcy, the company’s assets are liquidated in order to pay back some of the money owed to its creditors. CPM has been quiet for well over a year now with companies like RightStuf picking up licenses starting to lapse.
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