This is a story as old as borrowers, lenders and the Bankruptcy Code, but with a new twist.
On Oct. 15, Southern District of New York Bankruptcy Judge James Peck stated that he would confirm the joint plan of reorganization of Charter Communications Inc. over the hard-fought objection of a group of its secured lenders lead by JP Morgan Chase Bank as administrative agent. Charter holds itself out as the fourth largest cable operator in the United States, providing high-speed Internet, telephone and video service to approximately 5.5 million customers[FOOTNOTE 1], maintaining a 27-state footprint and employing more than 16,000 people.[FOOTNOTE 2]
