Tag Archives: SmileDirectClub

SmileDirectClub files for Chapter 11 bankruptcy, eyes restructuring

One ultimate frown for SmileDirectClub (SDC) traders. The tooth alignment outfit filed for voluntary safety underneath Chapter 11 of the US Chapter Code on Friday, Yahoo Finance completely realized. The corporate — hampered by years of losses, weak gross sales for clear aligners, and near $850 million in long-term debt — plans to take care of regular operations because of …

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