Word on the street: CommPartners Bankruptcy will be resolved via liquidation of assets.
As the Vegas Sun wrote back on June 14, 2010:
"A group of telecommunications companies ... filed for Chapter 11 bankruptcy protection Sunday in order to block AT&T from shutting off services for its network. The filings were made in Nevada bankruptcy court by Las Vegas-based companies CommPartners Holding Corp., CommPartners Carrier Services Corp., CommPartners Network Services LLC and CommPartners LLC."
CommPartners lost $5M on $31M in revenue in 2009. According to the Vegas Sun, "as of April 30 it had assets of $8.5 million against liabilities of $6.3 million.....AT&T had given the company until Monday to pay a disputed balance of $1.35 million or AT&T would suspend new orders and customer service activities for CommPartners."
I guess AT&T just wants the money.
1 comment:
This update to the Commparters bankruptcy was found on the web.
http://www.faqs.org/sec-filings/100924/KeyOn-Communications-Holdings-Inc_8-K/
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