Freedom Communications Files Chapter 11 Bankruptcy
According to an article in the Star-Telegram, Freedom Communications has filed Chapter 11 bankruptcy and agreed to give their creditors a majority stake in the business in exchange for forgiving a substantial portion of their debt.
The article said:
“The filing by Freedom Communications Holdings Inc. was part of a prepackaged plan approved by a majority of the company’s lenders, which should minimize the haggling that can bog down …
Tags: Business Chapter 11 Title 11 United States Code Freedom Communication
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