WILMINGTON, Del. (Bloomberg) — Network Plus Corp., which offers local and long-distance voice and data- transmission services, filed for bankruptcy protection from creditors. Last month, the Randolph, Mass.-based company hired UBS Warburg LLC to explore options including a sale of some or all of its businesses to pay debts. It also said it was negotiating with lenders to restructure its senior debt.
Network Plus listed assets of $433.2 million and debts of $206.9 million in its Chapter 11 petition filed last week I U.S. Bankruptcy Court in Delaware.
