Law360, New York (April 06, 2011, 5:22 PM ET) -- Mexican satellite service company Satelites Mexicanos SA de CV began another spin through the Chapter 11 bankruptcy process on Wednesday in Delaware, filing a prepackaged plan to restructure its balance sheet backed by the company's noteholders.
Less than five years after the company emerged from its previous bankruptcy, Satmex listed assets of $441.6 million and debts of $531.6 million in a petition lodged by Victoria Watson Counihan of Greenberg Traurig LLP in the U.S. Bankruptcy Court for the District of Delaware.
The proposed plan, which also...
Satmex Launches Another Prepackaged Ch. 11
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