Broadview Granted 1st-Day Motions, $25M DIP Loan

Law360, New York (August 23, 2012, 9:31 PM EDT) -- A New York bankruptcy judge on Thursday approved Broadview Networks Holdings Inc.'s first-day requests in its Chapter 11 case, including a $25 million debtor-in-possession facility provided by The CIT Group/Business Credit Inc. and a restriction on claims trading, strictly on an interim basis.

U.S. Bankruptcy Judge Shelley C. Chapman approved the motions filed by the Internet and data provider and its 27 affiliates in the case, which filed for bankruptcy protection late Wednesday with a prepackaged restructuring plan that will eliminate half of the company's secured...
To view the full article, register now.



Case Information

Case Title

Broadview Networks Holdings, Inc.

Case Number



New York Southern

Nature of Suit

Date Filed

August 22, 2012

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.