Story Archives of 'Bankruptcy'

Fairpoint Communications released its bankruptcy reorganization plan Monday after two months of delays.

In this week’s economic round-up, newspaper publishers hang on through the recession. The latest economic forecast calls for a slow crawl back to prosperity and a former homeowner tells how he fell into a peculiar little trap. NHPR’s Jon Greenberg has his weekly take on the economy.

Fairpoint Communications has filed for Chapter 11 bankruptcy.

If a US Bankruptcy Judge agrees, Fairpoint will reorganize in a deal with its lenders and reduce its debt by 1 point 7 billion dollars.

State officials are expected to be at the hearing in New York on Tuesday to make sure resident's interests are protected.

In the meantime, New Hampshire Consumer Advocate Meredith Hatfield tells NHPR's Mark Bevis that Fairpoint customers should not see any difference in service.

At a hearing in Derry, New Hampshire on Wednesday, Fairpoint officials met with regulators from New Hampshire, Maine and Vermont.

Officials from the beleaguered company said they are making progress responding to customer complaints.

But they also said the company was deep in debt, and in danger of slipping into bankruptcy.

New Hampshire Public Radio’s David Darman has more.