Liquidation

Next week in New York, LightSquared will continue making the case for the approval of its $2.65 billion restructuring proposal. The plan, led by Fortress Investment Group, is being opposed by Dish Network Corp. Chairman Charlie Ergen. Mr.

The Trenton Titans, the Philadelphia Flyers’ minor league affiliate, is winding down in Chapter 7 bankruptcy after canceling its 2014 season.

The team—which filed for bankruptcy on March 11 with the U.S. Bankruptcy Court in Trenton, N.J., as Blue Line Sports LLC—claimed no assets and nearly $500,000 in debts in court documents. A Chapter 7 filing usually indicates a company’s intent to liquidate, as opposed to Chapter 11, which often means the company plans to continue operations and restructure its debt.