Harry Pappas in Bankruptcy Fight

May 16, 2008  •  Post A Comment

Three Fortress loan group lenders that financed some of Pappas Telecasting’s station purchases filed involuntary bankruptcy petitions (Chapter 7) against Harry Pappas and his wife, Stella, Mr. Pappas claimed, Broadcasting & Cable reports. Thirteen of Pappas’ 30 stations filed for Chapter 11 on May 10, the newspaper says. Pappas plans to fight the Chapter 7 petitions, which may be converted to Chapter 11, the newspaper notes.
—Vlada Gelman

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