Adelphia Bondholders Ask Court To Rule On Bank Debt

Law360, New York (October 9, 2006, 12:00 AM EDT) -- A group of bondholders has asked a bankruptcy court to revisit a ruling that adjourned the group’s motion to require Adelphia Communications Corp. to pay its secured bank debt sooner rather than later.

The bondholders complained Friday in the U.S. Bankruptcy Court for the Southern District of New York that the bankrupt cable provider assured its reorganization plan, which was filed with the court on Sept. 18, would be set on a “smooth course to confirmation,” but they said weeks have passed without any solicitation of...
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