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Economy, Rivals Push Hawaiian Telcom Into Ch. 11

Law360 (December 1, 2008, 12:00 AM EST) -- Hawaiian Telcom Communications Inc. and seven of its affiliates have slipped into Chapter 11 bankruptcy protection in the wake of the troubled U.S. economy and increased competition in the telecommunications industry.

The Honolulu-based company and its affiliates filed their voluntary bankruptcy petitions in the U.S. Bankruptcy Court for the District of Delaware on Monday, according to a filing with the U.S. Securities and Exchange Commission.

The filings seek to allow the company to continue its previously announced balance sheet restructuring process, Hawaiian Telcom said in the...
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