Broadview Networks Holdings Inc., a communications and information technology provider/operator, filed for a pre-packaged chapter 11 bankruptcy yesterday, Reuters reported. The company, headquartered in Rye Brook, N.Y., filed court papers listing $258.3 million in assets at the end of the first quarter and $373.4 million in liabilities. The company had been exploring merger, refinancing and restructuring options during the last 18 months in an effort to have enough capital by the time $300 million in senior secured notes matured Sept. 1, CEO Michael Robinson said in a declaration filed in court. Broadview said that the pre-packaged plan would enable the company to eliminate half its debt.
