LBI Plan Disclosure Statement Gets Judge’s OK


As RBR+TVBR first reported on Tuesday (1/16), a series of damaging claims from a group of second-lien noteholders displeased at actions taken by LBI Media that involve HPS Investment Partners were filed this week in the Delaware bankruptcy court overseeing LBI’s Chapter restructuring plan.

Late yesterday, the judge assigned to the case gave his approval to a document that likely puts LBI and its Liberman Broadcasting stations on a path to a new start.

On Wednesday, a long list of LBI’s unsecured creditors surfaced. Among them is a Texas public school district owed thousands of dollars.

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