Cumulus Transfer Agreements Release Debtor’s Due

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A series of transfer agreements of varying dollar amounts were filed and entered Friday (2/2) by New York-based U.S. Bankruptcy Court Judge Shelley Chapman that absolve the nation’s No. 2 radio broadcasting company by number of stations of its debts to the companies involved.


Nine transfers of scheduled claims were issued early Friday to the entities owed money by Cumulus, directing the companies to New York State’s Vendor Recovery Fund.

By 10am Eastern, five more were issued.

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