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Houghton Mifflin Harcourt Emerges from Bankruptcy

Thirty-two days after filing a pre-packaged bankruptcy to redistribute the company’s $3.1 billion in debt, Houghton Mifflin Harcourt has emerged from bankruptcy.

CEO Linda K. Zecher had this statement: “We have achieved our financial restructuring objectives and moved through this process quickly and successfully. Now we have emerged with significantly less debt, a much improved balance sheet and capital structure and the financial strength to invest in new products and innovative digital education solutions to grow our business for the benefit of our customers.  Our emergence reflects the dedication of our team and the strong support of our investors and lenders to position HMH for long-term success.”

The official announcement was made last Friday, one day after the U.S. Bankruptcy Court for the Southern District of New York approved the publisher’s restructuring plan. The company filed the planned bankruptcy in May, predicting a “a prompt, court-supervised, chapter 11 process.”

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Lauren Berger Writes New Book for Young People Entering "Real World"

Lauren Berger Welcome to the Real WorldCareer Expert, Lauren Berger, releases her second book, Welcome to the Real World: Finding Your Place, Perfecting Your Work, and Turning Your Job Into Your Dream Career (Harper Business), on April 22nd. In this book, Berger shares everything she wishes someone told her after graduation. Her book is the essential guide to anyone starting their first, second, or third job. She encourages readers to be fearless, step outside of their comfort zones, and go after what they want.