WSJ.com - AOL Latin America Files For Bankruptcy Protection: "America Online Latin America Inc. filed for Chapter 11 bankruptcy protection Friday in U.S. Bankruptcy Court in Wilmington, Del. The company listed assets of $28.5 million and debts of $181.8 million, and said Time Warner Inc., parent company of America Online, was its largest unsecured creditor, with a claim of $160 million. The company, which provides AOL-branded service in Mexico, Brazil and other Latin American countries, had warned it March that it expected to run out of operating cash after the third quarter, and said at the time it wasn't trying to get new financing because it didn't believe it would be able to obtain it."
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