We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Satmex Launches Another Prepackaged Ch. 11

Law360 (April 6, 2011, 5:22 PM EDT) -- 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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.