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Bob Yari's US distribution division files for Chapter 11 bankruptcy

Bob Yari has announced that Yari Film Group's releasing division has been compelled by court order to go into involuntary Chapter 11 bankruptcy, effective immediately.It is understood the move followed legal action by four creditors. Yari called the events a 'perfect storm' of tightening credit markets and the Axium bankruptcy, which he said swept millions of dollars from Yari Film Group's payroll accounts.On Friday [December 12] Yari Film Group ...

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