ASCMA / Monitronics Declares Chapter 11 Bankruptcy
Monitronics is entering into Chapter 11 bankruptcy. The company, also called Ascent Capital Group Inc., aka ASCMA, aka Brinks Home Security, formerly known as Moni, has struggled for some time.
Update: June 1, 2019, the company has now officially declared bankruptcy.
In this note, based on our own research and outreach to Ascent via their press contact, we examine the following:
- What their plans are in bankruptcy
- How "business as usual" means an intended merger
- What the details of the restructuring are
- Feedback from Peter Giacalone & John Brady
- Challenges and Outlook