Updated Feb. 2, 2010 at 10:32 a.m.
FairPoint
Charlotte-based FairPoint delays bankruptcy reorganization plan again
Post a comment
Print this blog postE-mail blog post
Share
FairPoint
Related Blog Posts
- Charlotte-based FairPoint creates new exec post for Vermont
- Charlotte-based FairPoint pushes bankruptcy reorganization plan back to January
- Charlotte-based FairPoint told to make refunds in Maine
- Some creditors want examiner to probe bankrupt FairPoint’s finances
- FairPoint Communications files for bankruptcy
On The Web
Site Search
Get the latest news alerts: Follow LTW at Twitter.
The Associated Press
CHARLOTTE, N.C. — For the third time since December, FairPoint Communications is pushing back the date when it will submit its bankruptcy reorganization plan.
The company says it won't be filing its reorganization plan in U.S. Bankruptcy Court in New York as planned on Monday. It says it needs more time to complete negotiations with lenders, unions and other parties.
FairPoint filed for bankruptcy on Oct. 26. It's been hobbled by a heavy debt load and operational problems since paying $2.3 billion for Verizon Communications' land line and Internet operations in Maine, New Hampshire and Vermont in 2008.
Copyright 2012 WRAL Tech Wire. All rights reserved.
Featured
Hot Off The Wire
- Red Hat's new Fedora lead; Cree LED breakthrough; Google, Cisco top 'green' list; Oracle rejects SAP settlement; Yahoo board shakeup
- Will Cisco report progress in its turnaround efforts?
- Cisco server fire threat; Lenovo Android upgrade; cloud startup vs. Cisco; Epic's Blesinski to host awards; Google 'Solve for X'
E-mail Preferences
The Skinny
- Epic Games' Tim Sweeney reaps arts Hall of Fame honor today
- Charlotte's startup efforts pick up steam as more data pours in
- 'Battle in Bay 7' returns - Are you techies ready for some basketball?
- Inside RTP's new angel fund: Founders meeting 'significant' need
- Who won 'Social Bowl'? Super Bowl ads paying fans to play
- RTP broadband firm Overture, minus two top execs, launches new look
- Will RTP-based ChannelAdvisor go public? They're thinking
- What brands are winning Super Bowl hype? Two Durham firms to find out
- In Super Bowl of social media, Patriots win, Triangle firm says
- Big job cuts coming at IBM? Don't be surprised