Summary
Charter Communications, Inc. (CHTR) filed an 8-K on July 17, 2009, reporting significant progress in its Chapter 11 bankruptcy proceedings. The company announced on July 16, 2009, that it has filed an amended pre-arranged Joint Plan of Reorganization with the U.S. Bankruptcy Court for the Southern District of New York. This filing is crucial for investors as it details the path towards emerging from bankruptcy. The "Amended Plan" represents a pre-arranged agreement, suggesting a high likelihood of confirmation. The Court has scheduled a hearing for July 20, 2009, to consider the confirmation of this Amended Plan, indicating that the company is nearing a resolution to its financial restructuring.
Key Highlights
- 1Charter Communications filed an amended pre-arranged Joint Plan of Reorganization on July 16, 2009.
- 2The company voluntarily filed for Chapter 11 bankruptcy protection on March 27, 2009.
- 3A hearing to consider the confirmation of the Amended Plan is scheduled for July 20, 2009.
- 4The Amended Plan is available for review at www.kccllc.net/charter.
- 5The filing is an 8-K Current Report, indicating a material event.
- 6Exhibit 99.1, a press release announcing the filing, is attached to the report.
Frequently Asked Questions
The main purpose of this 8-K filing is to announce that Charter Communications has filed an amended pre-arranged Joint Plan of Reorganization as part of its Chapter 11 bankruptcy proceedings.
The Bankruptcy Court has scheduled a hearing to consider the confirmation of the Amended Plan for July 20, 2009.
The Amended Plan is available for review on the internet at www.kccllc.net/charter.
Yes, Charter Communications and certain of its subsidiaries voluntarily filed for Chapter 11 bankruptcy protection on March 27, 2009.