Tix Corporation and its wholly-owned subsidiary Tix4Tonight, LLC collectively announced today that it has filed voluntary petitions under Subchapter V of Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Nevada.
- Says normal operations expected to continue with no impact on customers
- Company is seeking debtor-in-possession financing
- Company will pursue a sale of substantially all of its assets; intends to market and sell its assets to the highest and/or best bidder through a Court-supervised auction and approval process
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