Billing Aggregator Bankruptcy Filing Stuns Telecom Industry
Posted by: Andy Lustigman
September 19, 2007

Integretel's recent filing of a Chapter 11 bankruptcy action in the Northern District of California has stunned many experienced telecom players According to court papers filed by the debtor, Integretel's bankruptcy filing was precipitated by the Federal Trade Commission's assertion of a claim for the return of $1.4 million against the reserves of one of Integretel's clients. The court papers indicate that despite being characterized as a reserve, the funds were not segregated as such, and were otherwise unavailable for disbursement, thus causing an asset shortfall

Continue Reading