Mealey's Banking & Finance - Open Range Communications Trustee Seeks Deal Waiving $1.31M Against Estate

Mealey's Banking & Finance - Open Range Communications Trustee Seeks Deal Waiving $1.31M Against Estate

WILMINGTON, Del. - The trustee in the Chapter 7 bankruptcy of Open Range Communications Inc. on Jan. 24 moved in bankruptcy court for authorization to disburse funds to a division of the U.S. Department of Agriculture (USDA) and a group of investors as part of a settlement of preference actions that the trustee says will result in the waiver of $1,318,346.76 in claims asserted against the bankruptcy estate (In Re: Open Range Communications Inc., No. 11-13188, Chapter 7, D. Del. Bkcy.).

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