Creditors win right to go after Roberts’ other holdings
by Associated Press
Published: December 19,2011
Tags: bankruptcy, broadcasting, creditors, media, television
JACKSON — Creditors in a bankruptcy case involving Roberts Broadcasting Co. will be able to sue other businesses belonging to the company’s owners.
St. Louis-based Roberts Broadcasting is owned by Michael and Steven Roberts, who filed for Chapter 11 bankruptcy in October with debts totaling more than $4 million.
The St. Louis Post-Dispatch reports several real estate and hotel businesses owned by the Roberts brothers were not included in the bankruptcy.
Creditors in the bankruptcy case filed a petition last week asking to sue those other companies to recover money that had been transferred from the four TV stations.
After a hearing Wednesday in St. Louis, a judge approved the creditors’ request.
Roberts Broadcasting owns WRBU-Channel 46 in St. Louis, and stations in Jackson, Columbia, S.C., and Evansville, Ind.
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