LIGHTSQUARED SUBSIDIARY LLC Bankruptcy Filing

Filing Information

LIGHTSQUARED SUBSIDIARY LLC filed a 11 chapter bankruptcy in the Southern District of New York bankruptcy court on May 14, 2012. This is a voluntary filing; it was assigned the bankruptcy case number #12-12094.

LIGHTSQUARED SUBSIDIARY LLC Bankruptcy Information

The bankruptcy petition for LIGHTSQUARED SUBSIDIARY LLC showed assets in the range of more than $1B with liabilities in the range of more than $1B. LIGHTSQUARED SUBSIDIARY LLC reports that the number of creditors is in the range of 1-49.

The debtor indicated their nature of business as 'None of the Above'. The options for nature of business in bankruptcies are rather limited and archaic. They include 'Health Care Business', 'Single Asset Real Estate', 'Railroad', 'Stockbroker', 'Commodity Broker', 'Clearing Bank', or 'None of the Above'.

LIGHTSQUARED SUBSIDIARY LLC indicated on its bankruptcy petition that it does not expect there will be sufficient assets in the estate to make a payment to the unsecured creditors.

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LIGHTSQUARED SUBSIDIARY LLC Bankruptcy Docket Header

MEGA, JtAdm




U.S. Bankruptcy Court
Southern District of New York (Manhattan)
Bankruptcy Petition #: 12-12094-scc

Assigned to: Judge Shelley C. Chapman
Chapter 11
Voluntary
Asset
Show Associated Cases
Date filed:  05/14/2012

Debtor
LightSquared Subsidiary LLC
10802 Parkridge Blvd.
Reston, VA 20191
FAIRFAX-VA
Tax ID / EIN: 54-2059821
aka SkyTerra Subsidiary LLC
aka Mobile Satellite Ventures Subsidiary LLC

 rep. by Matthew Scott Barr
Milbank, Tweed, Hadley & McCloy
1 Chase Manhattan Plaza
New York, NY 10005
212 530-5000
Fax : 212 530-5219
Email:
 mbarr @ milbank.com

U.S. Trustee
United States Trustee
Office of the United States Trustee
U.S. Federal Office Building
201 Varick Street, Room 1006
New York, NY 10004
(212) 510-0500 		   

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