9-298-059 REV: AUGUST 13, 2007 BENJAMIN C. ESTY JASON AUERBACH Bankruptcy and Restructuring at Marvel Entertainment Group Not since the big retailing bankruptcies of the early 1990s has so much money been lost on Wall Street. Everyone is screaming murder.1 — Wall Street trader On January 28, 1997, one month after filing for Chapter 11 bankruptcy, Marvel Entertainment Group, Inc. (Marvel) filed its plan of reorganization with the United States Bankruptcy Court in Wilmington, Delaware. According