Creditors Pressure Nassau Broadcasting With Involuntary Bankruptcy
September 16, 2011 at 4:27 PM (PT)
NASSAU BROADCASTING faces an involuntary petition for its bankruptcy from creditors owed more than $83.8 million, including GOLDMAN SACHS LENDING PARTNERS LLC and FORTRESS CREDIT OPPORTUNITIES LP, BLOOMBERG reports.
In the Chapter 7 petition, GOLDMAN asserted that it's owed more than $69.8 million, FORTRESS claims to be owed more than $11.2 million, while P.E. CAPITAL LLC. is looking for $2.8 million. Involuntary petitions were also filed for NASSAU BROADCASTING I, NASSAU BROADCASTING II and NASSAU BROADCASTING III, according to the court docket.