Worldspace Wins Interim Approval For Financing
Judge Peter Walsh, of the U.S. Bankruptcy Court for the District of Delaware, ruled Tuesday that Worldspace may obtain the financing pursuant to a term sheet filed earlier this month along with the company's bankruptcy petition. The $6.5 million includes a $2 million emergency loan approved shortly after the company went bankrupt.
Parties in the bankruptcy still have a chance to object before...
To view the full article, register now.