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The Associated Press
CHARLOTTE, N.C. — For the third time since December, 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.