May 24, 2016
Aspect Software Parent Inc. blazed toward the exit Tuesday from an abbreviated Chapter 11, securing a Delaware bankruptcy judge's confirmation for the call center company's plan to trim its $1.2 billion debt by $372 million, mostly through credit swaps to equity and debt cancellations.
April 25, 2016
Aspect Software Parent Inc. won a Delaware federal judge's approval Monday to shorten its already fast-moving Chapter 11, putting it closer to the finish line of a plan that will chop about $372 million from the call center company's nearly $1.2 billion in prebankruptcy liabilities.
April 11, 2016
Aspect Software Parent Inc. said Monday that it might seek a fast break out of its Delaware Chapter 11 after a scheduled April 25 disclosure statement hearing, an effort reportedly driven by competitive pressures and customer skittishness over the call center company's financial status.
March 25, 2016
Call center technology firm Aspect Software Parent Inc. unveiled its Chapter 11 plan Thursday designed to rework its $800 million in secured debt with a standalone reorganization that hands control of the company to first-lien lenders, who can opt for an equity stake or participation in a new loan.
March 11, 2016
A Delaware bankruptcy judge agreed Friday to give call center technology firm Aspect Software Parent Inc. access to up to $10 million of a $30 million stopgap financing package to help fund its case, despite opposition from the U.S. Trustee's Office that the loan isn't needed.
March 09, 2016
Arizona-based Aspect Software Parent Inc. took its 35-year-old call-center technology business into Chapter 11 in Delaware on Wednesday, citing the drag of a maturing $795 million debt burden at a time of rising competition and increasing demands for capital investments.