APNewsBreak: FairPoint Communications files Chapter 11 bankruptcy reorganization plan

APNewsBreak: FairPoint files its bankruptcy plan

PORTLAND, Maine — The telecommunications provider FairPoint Communications Inc. has filed its bankruptcy reorganization plan after two months of delays.

The document was filed Monday in U.S. Bankruptcy Court in New York, where FairPoint filed for Chapter 11 bankruptcy in October, hobbled by $2.7 billion in debt.

FairPoint CEO David Hauser (HOO’-zer) planned a conference call with reporters to outline the company’s business plans.

North Carolina-based FairPoint has also been hurt by technical problems since paying $2.3 billion for Verizon Communications’ land line and Internet operations in Maine, New Hampshire and Vermont in 2008. It has operations in 18 states.