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Articles about chapter11

Liberty Media steps in to save Sirius XM, loans them $530 million

by Robert Nelson on Feb 17, 2009 at 12:05 PM

Just last week it appeared like a bankruptcy was the inevitable for satellite provider Sirius XM, but how quickly things can change.  Liberty Media Corporation has just stepped in and saved them with a loan for a whopping $530 million.  The loan will be given in two parts with the… Continue Reading »

Sirius XM preparing for potential bankruptcy

by Robert Nelson on Feb 11, 2009 at 12:01 PM

New reports are claiming that Sirius XM is “within days” of filing for Chapter 11 bankruptcy.  According to a New York Times report, the company is currently “working with advisers to prepare for a possible bankruptcy filing.”  So, as of now, they are considering the option, which means they have… Continue Reading »

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