Prolonged Chapter 7 Move Yields Another Translator Sale


Unlike a Chapter 11 bankruptcy filing, a Chapter 7 filing usually involves a court-appointed trustee who may sell all of a company’s assets and distribute the net proceeds to creditors.

That’s what is still underway for an operator of FM translators that saw its bankruptcy flip to Chapter 7 on June 19, 2017. More than two years later, the liquidation of assets continues, with a freshly filed transaction posted Tuesday (8/20) with the FCC.

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