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In February 2009, Charter Communications introduced that it deliberate to file for Chapter 11 of the United States Chapter Code on or before April 1, 2009. The action would allow Constitution to pay its debt obligations, and cancel its obligations to shareholders. 18 Private fairness agency Apollo Management anticipated to own most of Constitution’s shares after the chapter. 19 Charter filed for a prearranged bankruptcy on March 28, 2009. The company expected the financial restructuring to cut back its debt … Read the rest