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  • MEALEYS HEADLINES
  • Debtor Seeks Chapter 7 Conversion After Asset Purchase Agreement Falls Through

02/16/2012 10:44:43 AM EST

Debtor Seeks Chapter 7 Conversion After Asset Purchase Agreement Falls Through

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LexisNexis® Mealey's™ Bankruptcy Legal News

WILMINGTON, Del. - Bankrupt Open Range Communications Inc. on Feb. 6 moved in the U.S. Bankruptcy Court for the District of Delaware to convert its Chapter 11 proceeding to a Chapter 7 bankruptcy after reaching the conclusion that it cannot develop a confirmable plan of reorganization (In Re: Open Range Communications Inc., No. 11-13188, Chapter 11, D. Del. Bkcy.). Full story on lexis.com