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Stretto Bankruptcy & Restructuring News Headlines for Wednesday Apr 2, 2025 → Bankruptcy & Restructuring News Headlines for Tuesday Apr 1, 2025 → Bankruptcy & Restructuring News Headlines for Monday Mar 31, 2025 →
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U.S. TelePacific: Auction Cancelled, Plan Amended
3+ week, 8+ hour ago (754+ words) No qualified bid arrived by the August 7, 2026 deadline. The debtors cancelled the auction, and the amended plan would convert approximately $1.1 billion of funded debt into a reorganized capital structure of approximately $129 million. The disclosure statement characterizes the debtors' challenges as…...