Adelphia Creditors Object To Dispute Resolution

Law360, New York (September 28, 2006, 12:00 AM EDT) -- Two creditor groups involved in Adelphia Communications Corp.'s Chapter 11 proceedings have urged noteholders to vote against the company’s reorganization plan, claiming that the proposed resolution of inter-creditor disputes will strip the notes of their value.

On Thursday, Adelphia filed two new position papers, which offer the opinions of the Arahova Noteholders Committee and the ACC Bondholder Group, respectively.

The Arahova Noteholders paper advocates for a continued mediation of the various inter-creditor disputes that have long plagued the Adelphia bankruptcy.

“It is the position of the...
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