Liquidating Trustee for Chapter 11 Bankruptcy of Broadcast Television Stations
Business Operations, Strategic Plan, Asset Disposition
Served as the Liquidating Trustee for Chapter 11 bankruptcy of Pappas Liquidating Trust (District of Delaware; Case No. 08-10949-PJW), consisting of multiple broadcast television stations including ABC, FOX and CW networks.
OBJECTIVE:
Achieve a recovery for creditors.
ACTIONS:
Provided financial analyses, cash flow management, and liquidation analyses. Managed and operated stations as a going concern, negotiated agreements with cable companies, reviewed and negotiated syndicated program purchases and sold various broadcast properties. Lead wind-down of businesses.