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Word World Files For Bankruptcy

Word World has filed for Chapter 11 bankruptcy.

Word World has filed for Chapter 11 bankruptcy, Reuters reports. The company has reported liabilities of over $10 million, including a $3.3 million convertible note and unpaid debts to animation and production studios in the filing.

The company has secured loans to continue operations, while it restructures and looks for new sources of capital. Word World’s current revenue comes from merchandising and from licensing deals.

Click here for the story from Reuters.

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