Here's a company that hasn't been able to accurately pay its agents' commissions since at least August of last year. Among all the misrepresentations and hyped possibilities, it is looking less likely that they will find someone to bail them out. Worse, a network that would make a good buy for someone might get shut down. This could become reminiscent of the KPNQwest debacle!
XO Communications Said to Plan Bankruptcy Filing. XO Communications, the telecommunications service provider, is expected to file for bankruptcy protection today and present a reorganization plan that will probably raise questions among its creditors. By Andrew Ross Sorkin. [New York Times: Business]
