Bankruptcy News

Stay up to date on corporate Chapter 7 and Chapter 11 bankruptcy activity with these breaking, actionable news reports.

Bankruptcy/Chapter 11

FiberTower Revised Disclosure Statement Filed

October 24, 2013
KEYWORDS bankruptcy / stock
/ Print /
| Share More
/ Text Size+

FiberTower filed with the U.S. Bankruptcy Court a Revised Disclosure Statement for its First Amended Joint Chapter 11 Plan dated September 27, 2013. According to documents filed with the Court, “In summary, the principal terms of the Plan…are as follows: (i) the holders of the 2016 Notes…will receive one hundred percent (100%) of the common equity in Reorganized FiberTower, in the form of shares of New FiberTower Common Stock; and (ii) Reorganized FiberTower shall receive one hundred percent (100%) of the New FiberTower Subsidiary Equity Interests in Reorganized FiberTower Network Services and Reorganized FiberTower Licensing, and Reorganized FiberTower Licensing shall receive one hundred percent (100%) of the New FiberTower Subsidiary Equity Interests in Reorganized FiberTower Spectrum, such that the Debtors’ corporate structure shall effectively remain in place following the Effective Date.” The Disclosure Statement revisions relate primarily to the Federal Communication Commission’s approval of the spectrum portfolio transfer. The Court is scheduled to consider the Disclosure Statement on October 29, 2013.

Read more Bankruptcy News

Free Report

George Putnam has suceessfully invested in distressed companies for nearly 30 years and The Turnaround Letter's market-beating returns demonstrate the profit potential. He knows all the pitfalls, too--which he shares in this free report!

stock market advice

stock market advice

Distressed Investing Blog

Distressed Investing Blog

Are the "Experts" Usually Wrong? Time to Buy Emerging Markets?

If you look longer-term--both backwards and forwards--emerging markets look like much more promising investments...and many of the stocks have decent dividend yields to compensate you in case you have to wait a while for a rebound. Read More.

Your Financial Security is Serious Business...

so why should you trust The Turnaround Letter?

  • Ranked as #1 Performing Newsletter for 15-Yr. Returns: Turnaround Letter's 12.3% vs. S&P's 2.2%
  • 29+ Years of Turnaround Investing Experience & Reliable Stock Market Advice
  • Diverse Monthly Stock Picks Personally Selected by George Putnam

Act Now on Tax Losses

Beat Year-End Bounce Rush


With all the stock market volatility this year, many investors probably find themselves holding some stocks in which they have sizable losses. By selling those losers and realizing losses, you can use those losses to offset taxable gains that you may have realized during the year.

Value Stock Profit

Most individual investors consider this investing strategy in December, which means that this tax-loss selling could push the price of some of these stocks even lower--meaning you probably do not want to be selling your losers then. In fact, savvy contrarians should consider buying some of these beaten down stocks to take advantage of that tax-generated downward pressure that goes away on January first.