Internet.com
CLEC-Planet Home
Search ISP-Planet


Search internet.com
internet.com

IT
Developer
Internet News
Small Business
Personal Technology
International

Search internet.com
Advertise
Corporate Info
Newsletters
Tech Jobs
E-mail Offers

internet.commerce
Partner With Us














CLEC News

Logix Submits Voluntary Chapter 11 Reorganization Petition

Wayne Kawamoto
Managing Editor, Clec-Planet

March 7, 2002 -- Logix Communications Enterprises, Inc. ("Logix") and its subsidiary, Logix Communications Corporation, filed voluntary petitions on February 28, 2002 under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, to restructure their operations.

Logix's subsidiaries, Dobson Telephone Company and Dobson Fiber/FORTE of Colorado did not file Chapter 11 petitions and Logix does not expect these subsidiaries will be included in the reorganization proceedings. Logix believes these subsidiaries will continue to operate in the ordinary course of business without bankruptcy court supervision.

It is expected that service to Logix's customers will remain unaffected throughout the reorganization proceedings. Logix's operating subsidiaries plan to continue their current operations and business plan while supporting their 450 employees, 125,000 access lines, sales efforts and vendors.

Craig T. Sheetz, chief executive of Logix said, "The filing will permit Logix to realign the company's liabilities to better fit its long-term profit potential. After weighing all the options, we believe this broad restructuring is the best and most reliable way to position Logix for future stability, growth and success." Mr. Sheetz also commented, "The company's operations have greatly improved and we believe Logix will successfully emerge from the reorganization proceedings in a healthier competitive position."

Logix Communications Enterprises, Inc. is an integrated communications provider offering local, long distance, data and Internet services to businesses primarily in Oklahoma and Texas.

-End-

Email this article to a colleague

ISP Glossary
Find an ISP Term

Newsletters!
ISP-Planet Weekly

Best of ISP-Planet
 

 

Feedback


Advertising inquiry? Click here!

ISP-Planet's RSS feed

internet.comearthweb.comDevx.commediabistro.comGraphics.com

Search:

Jupitermedia Corporation has two divisions: Jupiterimages and JupiterOnlineMedia

Jupitermedia Corporate Info

Legal Notices, Licensing, Reprints, Permissions, Privacy Policy.
Advertise | Newsletters | Tech Jobs | Shopping | E-mail Offers