New Bankruptcy Case Alert: FiberTower Corporation


FiberTower Corporation (OTC: FTWRQ)

FiberTower Network Services Corp.

FiberTower Licensing Corp.


FiberTower Spectrum Holdings, LLC

United States Bankruptcy Court, Northern District of Texas

July 17, 2012

FiberTower Corporation (OTC: FTWRQ) filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code today in the U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth division. Its affiliates FiberTower Network Services Corp., FiberTower Licensing Corp., and FiberTower Spectrum Holdings, LLC also filed voluntary petitions under chapter 11.

The companies immediately filed a proposed plan of reorganization which "will eliminate the Company's long-term debt" and reorganize FiberTower "around its restructured legacy backhaul network as well as two other business lines - - spectrum services and carrier services." The plan is supported by an ad hoc group of holders of the Company's secured debt pursuant to a plan support agreement, according to a press release announcing the bankruptcy filing.

For more information on these cases, please visit the following recent posts on our blog:

• List of 30 Largest Unsecured Creditors:

• Copies of the Companies’ Voluntary Chapter 11 Bankruptcy Petitions:

• Background: Recent Financials & Form 10-K for Fiscal Year Ended December 30, 2010:

• Background: Recent Financials & Form 10-Q for Quarterly Period Ended June 30, 2011:

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Randall Reese, Restructuring Concepts LLC | Attorney Advertising

Written by:


Restructuring Concepts LLC on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.