All the latest UK technology news, reviews and analysis

WorldCom may file for Chapter 11 next week

by Nick Farrell

18 Jul 2002

Be the first to comment

  • Tweet this

Troubled telco WorldCom may file for Chapter 11 bankruptcy protection next week, according to reports from the US press.

WorldCom has refused to comment on the speculation, but analysts predict that it will use Chapter 11 protection to restructure its debt and get the company running again.

Further reading

The firm is facing a $3.85bn accounting scandal. Any bankruptcy protection filing by the $104bn company would eclipse the Chapter 11 protection status sought by collapsed energy trader Enron.

It is unlikely that the users of the network will notice any difference after the bankruptcy protection filing.

Do you agree?

Add your comment
 

Add your comment

We won't publish your address
By submitting a comment you agree to abide by our Terms & Conditions. Your comment will be moderated before publication.
Submit your comment

Latest stories from Management

House of Parliament

Government touts £140m ICT savings with rigorous sign-off approach

Related white papers

Related articles

Related jobs

Today's top stories

Cloud computing suppliers announced by government

Government launches G-Cloud store with 257 cloud computing suppliers

Microsoft Windows 8 start screen

Top 10 Microsoft Windows 8 features to be excited about

Barclays Pingit Application in use on an iPhone

Barclays launches Pingit mobile payment service for iPhone, Android and BlackBerry

Poll

IT priorities for 2012

What is the most important IT priority for your company this year?

97%

1%

1%

0%

1%

Features

V3 reporter Dan Worth

World-changing CERN experiments highlight humanity’s intrinsic curiosity

V3 and The INQUIRER editor Madeline Bennett

BBC and Sky News show tough love with Twitter policies

V3's Rosalie Marshall

World indulges in a Facebook facts fest as firm prepares to float

facebook-new

Top five most interesting figures from Facebook’s IPO

More features

Connect with V3.co.uk

Sign up to our daily or weekly newsletters

Case studies and reports

Accurev

Top 5 software development challenges

This paper focuses on a series of best practices and techniques for development teams looking to improve their software development processes

Talend

Rubbish in, rubbish enterprise

Why good data management at all levels is essential in the modern business (video, 6mins)

Technology jobs

Software Engineer - Performance

Software Engineer - Performance - Permanent - Cheshire...

SharePoint 2010 Developer, C#.NET/ASP.NET/SQL. Altrincham

Leading Financial Services Company requires experience...

Busienss Analyst

TOM, Business Analyst, Loan IQ, Process, Risk, Operations...

ASP.NET Developer – MVC, JavaScript, MS SQL, CSS, HTML, Photoshop

ASP.NET Developer - MVC, JavaScript, MS SQL, CSS, HTML...

To send to more than one email address, simply separate each address with a comma.