TerreStar Corporation (2011)

Company

• Pre-filing annual sales: $3 (millions of current dollars)
• Pre-filing assets: $1,845 (millions of current dollars)
• Pre-filing number of employees: 104
• Sub-industry: 48 Communications
• Place of incorporation: DE
• Court for city of headquarters: VA Alexandria
• In business at filing? yes

Bankruptcy case

• Chapter at filing: Chapter 11
• Who filed case? debtors
• Debtor's lead attorney: Akin Gump
• Date of filing: February 16, 2011
• Judge at filing: Sean H. Lane
• Court district of filing: NY SD
• Court city of filing: New York
• Case number: 11-10612
• Cause of bankruptcy: Not tort
• Forum shop? Forum Shop


• Case transferred? no
• Destination court of transfer: not applicable
• Creditors committee appointed? no
• §363 sale: no 363 sale
• Dip loan final approval? yes
• Plan type: free fall


• Disposition status: confirmed
• Date of disposition: October 24, 2012
• Judge at disposition: Sean H. Lane
• Days from filing to disposition: 616

After the case

• Did firm emerge? Company emerged
• Did firm refile? emerged 5 years, did not refile