The company that makes kitchen staples like CorningWare, Pyrex and the Instant Pot has entered bankruptcy proceedings in the U.S. and Canada.Illinois-based Instant Brands said Monday that it has "initiated a voluntary court-supervised Chapter 11 process," due to an unmanageable debt load."Tightening of credit terms and higher interest rates impacted our liquidity levels and made our capital structure unsustainable," CEO Ben Gadbois said in a news release.
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