Law360, New York (October 26, 2009) -- FairPoint Communications Inc. filed for Chapter 11 protection Monday after reaching an agreement with lenders that will allow the debt-ridden telephone company to shave $1.7 billion from its balance sheet.
The company filed the petition in the U.S. Bankruptcy Court for the Southern District of New York, listing more than $1 billion each in assets and liabilities. The filing includes...
