Current posture

What matters now

Broadband Telecom is operating in a jointly administered Chapter 11 case under a cash-collateral framework that was modified in late July to provide additional adequate protection to its secured lender group. The cash collateral modification stipulation Dkt. 329 requires payment of reasonable, documented pre- and postpetition legal fees and expenses of Alter Domus, as agent, and its professionals, subject to an invoice-review process; undisputed amounts are payable after the review period. The case’s immediate scheduled court milestone is the August 20 hearing on interim fee applications, following an August 13 objection deadline set in the joint fee-hearing notice Dkt. 327. The debtors filed on August 12, 2025 against the backdrop of lender allegations that accounts receivable supporting the borrowing base included fraudulent invoices, and a Delaware Chancery Court temporary restraining order entered that month limiting certain asset transfers and transactions. The debtors’ March status report Dkt. 217 describes a global wholesale voice-termination and factoring business whose administrative functions were substantially performed by affiliate Bankai Infotech in India, and reports that an independent director and chief restructuring officer were installed in…

Updated Aug 10, 2026