Communications company Broadview Networks Holdings Inc . received bankruptcy-court approval on Wednesday of a chapter 11 restructuring plan that will cut its debt in half, Dow Jones DBR Small Cap reported today. The bankruptcy court approval comes just six weeks after Broadview filed for bankruptcy with this noteholder-supported plan, which hands senior secured noteholders, owed $317 million, 97.5 percent equity in the reorganized company and issues them $150 million in new notes.
