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Investigators to eye plans for restructuring of SkyPix. (bankruptcy court appoints investigators)
A U.S. bankruptcy court in Seattle last week turned its attention to setting a course for the shipwrecked SkyPix Corp. following its decision to take the helm from previous management.
A source close to the proceeding told SATELLITE NEWS that investigators last week were being appointed who will establish a reorganization plan for the company. The plan is expected to be finalized early in January.
...In the Best Interest of Creditors
The appointment of investigators follows the court's decision to become trustee of SkyPix Corp. and SkyPix Joint Venture L.P. Under the ruling, A. Frederick Greenberg and Richard Greenberg will need court permission to pay any sum more than $1,000 or receive any investment proceeds for SkyPix. The Greenbergs also will need court permission to borrow any SkyPix funds or enter any contract that would extend beyond the hearing of the reorganization plan.
In the ruling, Judge Thomas Glover ordered an examiner be appointed to oversee the firm's management and that interested parties be given the opportunity to file reorganization plans. SkyPix must provide the examiner with a weekly report detailing any cash receipts or disbursements.
"It is in the best interest of creditors, ...
- Court declares SkyPix bankrupt. (US Bankruptcy Court; SkyPix Corp. and SkyPix...
- Magazine article from: Multichannel News Thompson, Rachel W. September 21, 1992 700+ words
A U.S. Bankruptcy Court judge last week declared both SkyPix Corp. and SkyPix Joint Venture L.P. bankrupt. An examiner...huge victory. In their petitions with the U.S. Bankruptcy Court for the Western District of Washington in Seattle...
- Creditors want SkyPix financiers put in Chapter 7. (SkyPix Corp.)
- Magazine article from: Puget Sound Business Journal Grunbaum, Rami January 28, 1994 700+ words
Bankruptcy court may become a second home to Frederick...court-appointed Chapter 11 trustee of SkyPix Corp., a planned 80-channel movie service...land case, said they turned to U.S. Bankruptcy Court in Seattle as the only realistic way...
- SkyPix would get $150M under reorg. (SkyPix Corp.)
- Magazine article from: Multichannel News Thompson, Rachel W. November 16, 1992 700+ words
...150 million into the bankrupt SkyPix Corp. direct-broadcast satellite...filed last week with the U.S. Bankruptcy Court in Seattle. Like the king...phone call seeking comment. SkyPix Corp. and an affiliate, SkyPix Joint...
- Investors skeptical about SkyPix. (SkyPix Corp.; Northwest Starscan L.P.)
- Magazine article from: Multichannel News Thompson, Rachel W. May 4, 1992 700+ words
The chairman of SkyPix Corp. told increasingly skeptical investors...the partnership that controls SkyPix Corp., that it's just a matter of...technology" to be unveiled this week. SkyPix Corp. has not identified any companies...
- SkyPix to give plans. (SkyPix Corp.)
- Magazine article from: Multichannel News Thompson, Rachel W. January 6, 1992 700+ words
SkyPix To Give Plans SkyPix Corp. said it will make a number of...provide manufacturer financing. SkyPix Corp. senior vice president Rick Selvage...SkyPix Joint Venture L.P., the SkyPix Corp. partnership established to launch...
- SEC investigator hits town to probe SkyPix Corp. (Richard Sauer; Securities and...
- Magazine article from: Puget Sound Business Journal Grunbaum, Rami June 5, 1992 700+ words
...week to question people involved in SkyPix Corp.'s early stock sales, according...from its general-partner role in SkyPix Corp. Joint Venture seems linked to SkyPix...its agreement on inventory financing. SkyPix Corp.'s Bernstein says she knows of no...
- SkyPix backing wanes as lawsuits still fly. (financial troubles set back SkyPix...
- Magazine article from: Multichannel News Thompson, Rachel W. June 8, 1992 700+ words
...Greenberg, Northwest Starscan L.P. and Skypix Corp. - were general partners in the Seattle...Greenbergs two weeks ago sued former SkyPix Corp. president Brian McCauley, seeking...Joint Venture, Northwest Starscan and SkyPix Corp. The Greenbergs hold a majority stake...
- Skypix Corp. gets $30 million cash infusion from HSN. (Home Shopping Network...
- Newspaper article from: Satellite News March 18, 1991 700+ words
SKYPIX CORP. GETS $30 MILLION CASH INFUSION FROM HSN St. Petersburg, Fla...announced plans to form a joint venture with Seattle, Wash. -based SkyPix Corp. and its parent company, Northwest Starscan Limited Partnership (Starscan...
- Skypix Corp. cancels transponder leasing contract with Hughes. (Hughes...
- Newspaper article from: Satellite News May 18, 1992 700+ words
...Kopernikus, Sept. 14; and NATO's 4B, in 1993. SKYPIX CORP. CANCELS TRANSPONDER LEASING CONTRACT WITH HUGHES...final nail in the coffin for Kent, Wash.-based SkyPix Corp., the nascent, direct-to-home (DTH) satellite...
- SkyPix Corp. secures additional investors for its PPV DBS service....
- Newspaper article from: Satellite News October 28, 1991 700+ words
SKYPIX CORP. SECURES ADDITIONAL INVESTORS FOR ITS PPV DBS SERVICE Fiscally troubled SkyPix Corp.'s financial ship finally may have come in last week as the Kent, Wash.-based firm announced it had signed an agreement with four "strategic...
Source: HighBeam Research, Investigators to eye plans for restructuring of SkyPix. (bankruptcy...