Continental Promotion Group Enters Chapter 11; Clients to Cover Rebate Checks

http://promomagazine.com/news/continental-promotion-bankruptcy-1124/
Continental Promotion Group, Inc., one of the country’s largest rebate-processing companies, has filed for Chapter 11 bankruptcy protection, citing liquidity problems.

Meanwhile, the firm apparently is reducing headcount. The court papers state that it had 242 employees prior to the petition, and that it would have 61 afterward. It was not clear at deadline whether these layoffs have occurred.