ProtoStar Can Pay Lenders With Satellite Cash: Judge

By Elaine Meyer (December 18, 2009, 4:33 PM EST) -- A bankruptcy judge has approved ProtoStar Ltd.'s proposal to distribute part of $195 million in proceeds from the sale of a satellite to its lenders, but for now has denied the bankrupt aerospace company's request to use the money to pay down unsecured claims....

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