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March 10, 1992 | PHILIPP GOLLNER, TIMES STAFF WRITER
Shop Television Network Inc. in Burbank, once a distant third in the hotly competitive U.S. home shopping market, has filed for bankruptcy protection after one of its largest creditors won a court order to repossess most of the network's video production equipment. The filing under Chapter 11 of U.S. bankruptcy laws puts the court order and other litigation on hold while Shop Television works out a plan with its creditors to repay its debts. The company listed $10 million in assets and $4.
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BUSINESS
March 10, 1992 | PHILIPP GOLLNER, TIMES STAFF WRITER
Shop Television Network Inc. in Burbank, once a distant third in the hotly competitive U.S. home shopping market, has filed for bankruptcy protection after one of its largest creditors won a court order to repossess most of the network's video production equipment. The filing under Chapter 11 of U.S. bankruptcy laws puts the court order and other litigation on hold while Shop Television works out a plan with its creditors to repay its debts. The company listed $10 million in assets and $4.
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