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Charter Communications Bankruptcy Plan May Go Before Court Tomorrow

Sep 29, 2009  •  Post A Comment

A U.S. Bankruptcy Court judge is expected to rule tomorrow on whether Charter Communications’ reorganization plan can go forward, after months of squabbling among the lenders, bondholders and shareholders, reports Multichannel News.

Charter filed for Chapter 11 protection on March 27. Lenders are unhappy about what they say is a plan to change control of the company to bondholders and they want the right to redo lending agreements.

–Elizabeth Jensen

2 Comments

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