TerreStar Parent Seeks Ch. 11 On Heels Of Subsidiaries
TerreStar, along with additional subsidiaries, filed its Chapter 11 petition in the U.S. District Court for the Southern District of New York, listing both assets and liabilities between $100 million and $500 million.
TerreStar Networks Inc. and other affiliates filed for bankruptcy protection in October. In December, a judge approved a disclosure statement for a reorganization plan that contemplates TerreStar Networks emerging from...
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