Creditors win right to go after Roberts’ other holdings
by Associated Press
Published: December 19,2011
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.
To sign up for Mississippi Business Daily Updates, click here.
One Response to “Creditors win right to go after Roberts’ other holdings”
Top Posts & Pages
- Expert on airlines predicts Jackson-Evers will keep remaining carriers
- IKE TROTTER: There are primary changes in Social Security for 2014
- Keeping our eye on... Liz Lancaster
- MAN OF STEEL: Madhu Ranade leading Severstal Columbus
- Alcorn's finances being investigated; CFO resigns
- C Spire launches next phase of 1-gig service rollout
- NEW ORLEANS SAINTS MOVING — Mississippi company has the task of moving the football team
- Hood issues opinion on open-carry gun law
- GOP Sen. Thad Cochran to run for seventh term
- State of Louisiana mulling plan for Amtrak route