Adelphia Creditors Urge Rejection Of Plan
Most recently, a group of Adelphia’s creditors have received permission to disseminate a letter urging other creditors not to approve the company’s reemergence plan.
The group of creditors responsible for drafting the letter comprises lenders that own about $2.2 billion of Adelphia’s $6.8 billion in defaulted loans.
In a court filing, the lenders said that they support the plan to sell most of Adelphia’s assets to...
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