In Re Ridgely Communications, Inc.
United States Bankruptcy Court, D. Maryland
1Opinion of the Court
MEMORANDUM OPINION GRANTING MOTION OF AMERITRUST COMPANY N.A. TO DISTRIBUTE PROCEEDS FROM SALE OF BROADCASTING LICENSES
JAMES F. SCHNEIDER, Bankruptcy Judge.
FINDINGS OF FACT
1.The instant voluntary Chapter 11 bankruptcy petition was filed in this Court on May 23, 1989. The debtor is engaged in the business of owning and operating two radio stations, WVOC-AM and WCEZ-FM, which are located in Columbia, South Carolina.
2. On October 4, 1990, this Court authorized the sale of the two radio stations to Clayton Radio, Inc. for a total purchase price of $2,550,000.00. The net proceeds from the sale…
2Cases cited18 opinions
- United States v. Whiting Pools, Inc.Supreme Court of the United States · 1983
- In Re Braniff Airways, Inc.Court of Appeals for the Fifth Circuit · 1983
- STEPHENS INDUSTRIES, INC., Plaintiff-Appellant, v. James R. McCLUNG, Trustee in Bankruptcy, Etc., Defendant-AppelleeCourt of Appeals for the Sixth Circuit · 1986
- Shimer v. Fugazy (In Re Fugazy Express, Inc.)District Court, S.D. New York · 1991
- Beker Industries Corp. v. Florida Land & Water Adjudicatory Commission (In Re Beker Industries Corp.)United States Bankruptcy Court, S.D. New York · 1986
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3Cited by23 opinions
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- In Re NextWave Personal Communications Inc.United States Bankruptcy Court, S.D. New York · 2000
- Airtouch Cellular v. City of El CajonDistrict Court, S.D. California · 2000
- Lake Region Credit Union v. Crystal Pure Water, Inc.North Dakota Supreme Court · 1993
- In re Tak Communications, Inc.Court of Appeals for the Seventh Circuit · 1993
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