Creditors win right to go after Roberts’ other holdings

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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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One Response to “Creditors win right to go after Roberts’ other holdings”

  1. Creditors win right to go after Roberts’ other holdings – Rights Creditors Says:

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