Hughes Satellite Systems filed Chapter 11 in Texas
Hughes Satellite Systems Corporation said it and some of its US subsidiaries, including Hughes Network Systems, filed voluntary Chapter 11 petitions in a Texas bankruptcy court.
- Hughes Satellite Systems Corporation filed for Chapter 11 bankruptcy protection in Texas.
- The filing also covers some US subsidiaries, including Hughes Network Systems.
- Hughes Satellite Systems Corporation is a unit of EchoStar.
Hughes Satellite Systems Corporation is a satellite internet company and a unit of telecommunications company EchoStar. The company said the bankruptcy filing includes some of its US subsidiaries.
Hughes Network Systems is one of the subsidiaries named in the announcement. The filing was made under Chapter 11, which is a US bankruptcy process for court-supervised reorganisation.
The source report identifies the court only as a Texas bankruptcy court. The source excerpt does not provide a filing date, case number, list of all subsidiaries involved, or further details on the restructuring process.
- Which Hughes companies were included in the Chapter 11 filing?
- What is Chapter 11 bankruptcy in the United States?
- How is EchoStar connected to Hughes Satellite Systems Corporation?
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