The company filed for relief in the U.S. Bankruptcy Court for the District of Delaware under Chapter 11 of the U.S. Bankruptcy Code, which will allow the business to restructure its debt.
Broadstripe provides services in Maryland, Michigan, Oregon and Washington.
There are about 40,000 Broadstripe subscribers in Anne Arundel County, making the company the second-most prevalent provider of telecommunications services in the county. Comcast, the market leader, has about...
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Restructuring - 2010-06-22 19:48:10
I contracted for Broadstripe doing the MISS U locating,they filed chapter 11 owing me $87,000 the Lawyers said if I see .10 cents on the dollar I should feel lucky.Well I won't say how it makes me feel but lucky is not the word I would use.It is easy to restructure with someone else's money.It is a shame that companies like this are allowed to stay in business off the sweat of other people,imagine someone not paying you $87,000 for a small co. this was devastating but none of my employees took the brunt of this as Broadstripe did to theirs.One day their practices will will come back to them,I hope.
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Alton Stack - Georgetown, De - Karma: Neutral
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