Dear Client: Over the holiday break, Stoli Group USA and affiliate company Kentucky Owl voluntarily filed for Chapter 11 bankruptcy [see WSD 11-29-2024]. In the bankruptcy petition, the company estimated assets between $100 million and $500 million, with liabilities between $50 million and $100 million. The company's prepetition debt (i.e. debts existing prior to bankruptcy petition) includes amounts owed under loans and unsecured debt such as amounts owed to vendors and trade creditors. Stoli indicated that the company "is
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