Cirque Du Soleil bankruptcy protection filing

Cirque Du Soleil has filed for bankruptcy protection and will let go of more than 3,500 people.

The purpose of the bankruptcy protect is to come to a compromise with creditors.

LET GO OF MORE THAN 35-HUNDREDPEOPLE.THE PURPOSE OF BANKRUPTCYPROTECT IS TO COME TO ACOMPROMISE WITH CREDITORS.ACCORDING TO CNN - CIRQUE ISNEARLY ONE BILLION DOLLARS INDEBT.CIRQUE HAS SIX SHOWS IN THEVALLEY - BUT HAS SUSPENDEDPRODUCTION FOR MORE THAN THREEMONTHS NOW.