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Published on 9/29/2011 in the Prospect News Distressed Debt Daily.

Innovative Communication funds total falls to $71,924 as of Aug. 31

By Lisa Kerner

Charlotte, N.C., Sept. 29 - Innovative Communication Co., LLC reported funds of $71,924 at Aug. 3, down from funds of $72,742 at July 31, according to a pair of monthly operating reports filed Thursday with the District Court of the U.S. Virgin Islands.

There were no cash sales for either period.

Previously the company reported $73,195 of funds at March 31, also with no cash sales.

Innovative, a St. Croix, U.S. Virgin Islands, holding company, had an involuntary bankruptcy petition filed against it on Feb. 10, 2006. Its case number is 06-10133.


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