OTHER NEWS - Aug. 21, 1992
From Times Staff and Wire Reports
Trading Card Firm Files for Bankruptcy: Pro Set Inc., one of the nation’s largest makers of collectible trading cards, filed for Chapter 11 bankruptcy protection, owing creditors about $50 million. The filing came after licensers who are owed between $15 million and $20 million balked at a debt-repayment plan made by Pro Set’s new chief executive, Robert McLaughlin. He had earlier won a six-month waiver on some bank debt payments.
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