Locals gird for bankruptcy.(local cable regulators preparing for bankruptcy of Adelphia Communications Corp.)
Multichannel News, June, 2002 by Haugsted, Linda
Local cable regulators are digging out copies of their franchise agreements with Adelphia Communications Corp. -- and boning up on bankruptcy laws -- to shield themselves from the MSO's financial troubles. They're also burning up the phone lines, calling attorneys for advice on everything from who might be legally liable for wires left dangling from phone poles to the finer points of contract law.
"We're getting questions from the very basic to the extreme," said Ken Brunetti, an attorney with Miller & Van Eaton in San Francisco. City officials rarely have to deal with bankruptcy concerns, and some don't know the difference between Chapter 11, under which a business continues to operate under trustee management, and Chapter 7, under which a...
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