TERRESTAR NETWORKS INC. Bankruptcy Filing

Filing Information

TERRESTAR NETWORKS INC. filed a 11 chapter bankruptcy in the Southern District of New York bankruptcy court on October 19, 2010. This is a voluntary filing; it was assigned the bankruptcy case number #10-15446.

TERRESTAR NETWORKS INC. Bankruptcy Information

The bankruptcy petition for TERRESTAR NETWORKS INC. showed assets in the range of more than $1B with liabilities in the range of more than $1B. TERRESTAR NETWORKS INC. reports that the number of creditors is in the range of 1,000-5,000.

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'.

TERRESTAR NETWORKS INC. 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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TERRESTAR NETWORKS INC. Bankruptcy Docket Header

MDisCs, Lead, MEGA, CLMAGT, PENAP

U.S. Bankruptcy Court
Southern District of New York (Manhattan)
Bankruptcy Petition #: 10-15446-shl

Assigned to: Judge Sean H. Lane
Chapter 11
Voluntary
Asset

Show Associated Cases

Date filed:

10/19/2010

Debtor TerreStar Networks Inc. 12010 Sunset Hills Road 6th Floor Reston, VA 20190 OUTSIDE U. S. Tax ID / EIN: 32-0003931	rep. by	Ashleigh Blaylock Akin Gump Strauss Hauer & Feld LLP 1333 New Hampshire Avenue, NW Washington, DC 20036 (202)887-4000 Email: blaylocka @ akingump.com Ira S. Dizengoff Akin, Gump, Strauss, Hauer & Feld, LLP One Bryant Park New York, NY 10036 (212) 872-1000 Fax : (212) 872-1002 Email: idizengoff @ akingump.com
U.S. Trustee United States Trustee 33 Whitehall Street 21st Floor New York, NY 10004 (212) 510-0500	rep. by	Richard C. Morrissey Office of the U.S. Trustee 33 Whitehall Street, 21st Fl. New York, NY 10004 (212) 510-0500 Fax : (212) 668-2255 Email: richard.morrissey @ usdoj.gov Susan D. Golden Office of United States Trustee SDNY 33 Whitehall Street New York, NY 10004 (212) 510-0500 Fax : (212) 668-2255 Email: susan.golden @ usdoj.gov
Claims and Noticing Agent GCG, Inc. a/k/a The Garden City Group, Inc. 1985 Marcus Ave Lake Success, NY 11042 (631) 470-5000	rep. by	Jeffrey S. Stein GCG, Inc. 1985 Marcus Avenue Suite 200 Lake Success, NY 11042 (631) 470-5000 Fax : (631) 940-6554 Email: PACERTeam @ gardencitygroup.com
Claims and Noticing Agent GCG, Inc. a/k/a The Garden City Group, Inc. 1985 Marcus Ave Lake Success, NY 11042 (631) 470-5000 TERMINATED: 10/21/2010
Creditor Committee Official Committee of Unsecured Creditors of TerreStar Networks, Inc.	rep. by	Scott L. Hazan Otterbourg, Steindler, Houston, & Rosen 230 Park Avenue New York, NY 10169 212-661-9100 Fax : 212-682-6104 Email: shazan @ oshr.com

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