As previously reported by RBR+TVBR, Larry Patrick, the pre-petition receiver for the radio stations once licensed to Ed Stolz’s Royce International Broadcasting, had urged the U.S. Bankruptcy Court for Nevada to convert Stolz’s bankruptcy from Chapter 13 to Chapter 7. The Court granted that motion today.
Stolz was notably absent from the proceedings, which will lead to the assignment of a Chapter 7 trustee to manage his personal assets.
