Charter Communications, Inc. and its subsidiaries (finally, and quietly) filed bankruptcy last Friday. Charter filed its “Pre-Arranged Plan” and Chapter 11 petitions in the United States Bankruptcy Court for the Southern District of New York.

If the necessary approvals are received along the way, a pre-arranged plan for reorganization can move along quickly, save substantial fees associated with the bankruptcy process, and minimize disruption to the debtor’s continuing operations.

You can view Charter’s press release here.

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Tags: Bankruptcy, Chapter 11, Charter, Charter Bankruptcy, Charter Business Affected, Charter Chapter 11, Charter Communications, Charter Investors, Charter Reorganization

This entry was posted on Tuesday, March 31st, 2009 at 9:39 AM and is filed under On My Mind. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.