IMPOWER has emerged from bankruptcy with a settlement to pay creditors 30% of what they were owed and a plan to reach profitability within six months.
Impower, an American List Counsel spinoff formed in 1997 to handle the list company’s interactive business, filed for Chapter 11 bankruptcy protection on Aug. 3, 2001. It owed about $26 million to some 700 unsecured creditors, including a claim from the largest
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