Liquidation

Seismic data provider Global Geophysical Services Inc. filed for Chapter 11 bankruptcy protection Tuesday, not long after announcing it would have to restate its financial reports for periods going back to 2009. Read the Daily Bankruptcy Review article here.

LightSquared’s $2.65 billion restructuring plan is better than anything available to the company and should be approved by a judge, a company adviser said in court Monday. Read the Daily Bankruptcy Review article here.