TerreStar Corporation, TerreStar Holdings File Ch. 11; Affiliates’ Cases to Be Joined

Feb. 23, 2011, 11:24 PM UTC

TerreStar Corporation, the parent of mobile satellite network operator TerreStar Networks Inc. and subsidiary TerreStar Holdings Inc. filed for Chapter 11 protection Feb. 16 in the U.S. Bankruptcy Court for the Southern District of New York (In re TerreStar Corporation).

Previous Ch. 11 Filing.

The Reston, Va.-based company and 13 affiliated companies filed for Chapter 11 protection Oct. 19, 2010, and the cases have been procedurally consolidated under the Chapter 11 case of TerreStar Networks Inc., case number 10-15446 (22 BBLR 1439, 10/28/10).

TerreStar Networks Inc. and its affiliates Dec. 28, 2010, filed their fourth amended joint reorganization plan, ...

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