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Adelphia Bankruptcy by Monday

Discussion in 'Community Broadband & Computers' started by hornerjo, Jun 20, 2002.

  1. hornerjo

    hornerjo Senior Member

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    DSLR reports:

    "Adelphia has apparently missed yet another grace period to repay debt, giving bondholders the right to force the company into bankruptcy, according to Bloomberg news. Analysts believe the bondholders won't get the chance, as the company is expected to file sometime before Monday. There is additional information available in the New York Times, and the LA Times (both require free registration). Or feel free to chat it up in our Adelphia forum."

    http://www.dslreports.com/shownews/18926

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  2. hornerjo

    hornerjo Senior Member

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    Where the Sidewalk Ends
    Adelphia files for Chapter 11
    Mismanaged into the ground and then some, Adelphia today finally closed the book on what has been a long winded and bizarre process, filing for Chapter 11 bankruptcy protection, according to Bloomberg News. According to The Street, the company has secured $1.5 billion in debtor-in-possession financing. Check in with other subscribers in the Adelpha forum.

    http://www.dslreports.com/shownews/19110

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