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ProtoStar Ch. 11 Plan Looks To Auction Off Satellites

Law360, New York (October 01, 2009) -- Satellite operator ProtoStar Ltd. has filed a reorganization plan, which contemplates auctioning off the company's two satellites in October, with the Delaware court overseeing its Chapter 11 proceedings.

Protostar filed its disclosure statement Thursday, and its Chapter 11 plan Wednesday, in the U.S. Bankruptcy Court for the District of Delaware. Also on Wednesday, Protostar filed a motion asking...

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