AOL Latin America Announces Filing Under the U.S. Bankruptcy Code.FORT LAUDERDALE, Fla. -- America Online Latin America, Inc. (Pink Sheets:AOLA AOLA America Online Latin America ) today announced that it has filed a voluntary petition in the United States Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. , for the District of Delaware under chapter 11 of title 11 of the U.S. Bankruptcy Code. The following subsidiaries of AOLA also filed voluntary petitions: AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Puerto Rico Management Services, Inc., America Online Caribbean Basin, Inc. and AOL Latin America Management LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . AOL Latin America's other subsidiaries will continue normal operations, and its subscribers will continue to receive the America Online branded service without interruption. About AOL Latin America America Online Latin America, Inc. (Pink Sheets:AOLA) is the exclusive provider of AOL-branded services in Latin America. |
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