Original sentence: In early 2005, Fleer announced that it would cease all productions of trading cards and file for bankruptcy.In late 2005, Upper Deck acquired the rights to the Fleer name and began producing Fleer-branded basketball, hockey, and football cards
Edited sentence: In July 2005, Upper Deck acquired the rights to the Fleer name and began producing Fleer-branded basketball, hockey, and football cards.In early 2005, Fleer announced that it would cease all productions of trading cards and file an Assignment for the Benefit of Creditors, which is a State Court liquidation, similar to Chapter 7 bankruptcy