Broadview Networks Files for Bankruptcy in New York - Bloomberg
The company, based in New York, listed debt and assets of
as much as $500 million in Chapter 11 documents filed today in
U.S. Bankruptcy Court in Manhattan.
Broadview Network Holdings Inc., Broadview Networks’s parent company,
reported a $5.3 million net loss on revenue of $88.5 million for the
quarter ended March 31. The balance sheet showed total assets of $258.3
million and total liabilities of $373.4 million. Revenue fell to $378.2
million in 2011 from $407.7 million the previous year.
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