June 22, 2017
Bankrupt telecommunications holding company MIG LLC on Thursday received court approval in Delaware for a private asset sale, with the debtor set to receive $72 million in cash in exchange for its assets and the equity of related debtor ITC Cellular LLC.
June 16, 2017
The committee of unsecured creditors for bankrupt telecommunications holding company MIG LLC filed an objection to a proposed $72 million asset sale on Thursday, asking a Delaware bankruptcy judge to ensure that the deal would fall in line with MIG's Chapter 11 plan.
June 02, 2017
Telecommunications holding company MIG LLC told the Delaware bankruptcy court late Thursday that it has found a buyer for its assets, including equity in subsidiary ITC Cellular LLC, and proposes selling them in a $72 million transaction with a limited partner of the debtor's sole member.
November 23, 2016
The Office of the U.S. Trustee and the Internal Revenue Service have objected to a proposed Chapter 11 reorganization plan for telecommunications holding company MIG LLC, saying the plan’s exculpation provision is overbroad and clears too many debtors of liability.