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                                  Volume 1, Number 1

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Adequate Assurance Under Section 366 of the Bankruptcy Code:
Deposit Not Required

Written by Sherri Morissette

Every business is dependent upon some type of utility service — whether it be electricity for running freezers, gas for running cooking appliances or telephones for taking orders. Upon commencement of the bankruptcy case, the debtor wants to ensure ongoing utility service and the utility provider wants to ensure payment for the continuation of services, many times in the form of a deposit. In enacting Section 366 of the Bankruptcy Code, Congress attempted to strike a balance between the concerns of a debtor and its utility companies. Section 366 provides a debtor with protection from the discontinuation of utility services within the first 20 days of filing a bankruptcy case, and the utility provider with a means to ensure that it is provided adequate assurance of payment after the filing of a bankruptcy case.
To read full article, click here


Article: Telecom Headed for Bankruptcy Reruns?

By Marguerite Reardon
CNET News.com - ZDNET.com


The telecommunications industry has made substantial progress in putting a disastrous string of bankruptcies behind it, but analysts are warning of further trouble ahead.

To read full article, click here

The Almanac - Telecommunication Bankruptcies

Bankruptcy Week - March 29, 2004

The chart below illustrates the rapid decline in public telecommmunication bankruptcies from a peak of 33 cases in 2001 to just 1 so far in 2004. To see chart, click here. Reprinted with permission of www.bankruptcydata.com