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Mercedes-Benz Filed Bankruptcy in 2022
In September 2022, just three months after their MLM model was officially rescinded, the company filed for bankruptcy. One of the creditors listed in the bankruptcy filing was a staffing company which was owed over $123,000. Another creditor listed was actually Mercedes-Benz, which I find quite interesting. In December 2022, they released their plan for a bounce back and said that they would begin paying off their many debts by lowering their overhead cost and switching primarily to online sales.
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