A Tale Of Two Bankruptcies: Colorado Court Rejects And New York Court Upholds Validity Of Security Interests Associated With FCC Licenses.
Mondaq Business Briefing › Nbr. 2011, January 2011
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A Tale Of Two Bankruptcies: Colorado Court Rejects And New York Court Upholds Validity Of Security Interests Associated With FCC Licenses.
Over the past year, a bankruptcy proceeding in Colorado - In re Tracy Broadcasting - has called into question creditors' ability to take a security interest in the proceeds from the future sale in bankruptcy of spectrum licenses issued to borrowers by the Federal Communications Commission. But, in a contemporaneous proceeding aligned with the majority view - In re TerreStar - the influential Bankruptcy Court for the Southern District of New York upheld the right of the TerreStar cred...
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