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Telecom company Mitel files for bankruptcy to cut $1 bln in debt


April 9, 2025

Telecommunications company Mitel Networks Corp filed for Chapter 11 bankruptcy protection, seeking to complete a restructuring that will eliminate $1.15 billion in debt. Mitel entered bankruptcy with $1.3 billion in debt.
#ZDLaw #DebtFighters #debtattorney #bankruptcyattorney

https://www.reuters.com/legal/litigation/telecom-company-mitel-files-bankruptcy-cut-1-bln-debt-2025-03-10/ 

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Michael Ziegler Managing Partner
Michael Ziegler is the managing partner of Ziegler Diamond Law, serving consumers throughout Florida. With a focus on consumer protection, Michael helps clients navigate bankruptcy, defend against debt collection lawsuits, and address credit reporting errors. Known for his strategic approach and dedication to empowering individuals to regain financial control, Michael also chairs the Clearwater Bar Association's Small Firm section. Outside the office, he enjoys camping with his family and pursuing real estate ventures.

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About the Author

Michael Ziegler is the managing partner of Ziegler Diamond Law, serving consumers throughout Florida. With a focus on consumer protection, Michael helps clients navigate bankruptcy, defend against debt collection lawsuits, and address credit reporting errors. Known for his strategic approach and dedication to empowering individuals to regain financial control, Michael also chairs the Clearwater Bar Association's Small Firm section. Outside the office, he enjoys camping with his family and pursuing real estate ventures.