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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 10, 1998
EQUALNET COMMUNICATIONS CORP.
Commission file number 0-025842
A Texas IRS Employer
Corporation No. 76-0457803
1250 Wood Branch Park Drive
Houston, Texas 77079
Telephone Number 281/529-4600
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ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
EqualNet Corporation, the main operating subsidiary of Equalnet
Communications Corp., and EqualNet Wholesale Services, Inc., a non-operating
subsidiary of EqualNet Corporation, filed voluntary petitions for relief under
Chapter 11 ("Chapter 11") of the United States Bankruptcy Code (the "Bankruptcy
Code") on September 10, 1998 (the "Petition Date") in the United States
Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"),
Houston, Texas. EqualNet Corporation's case is being administered under Case No.
98-39561-H5-11. EqualNet Wholesale Services, Inc. is being administered under
Case No. 98-39560-H4-11. At this time the cases are not being jointly
administered. Pursuant to Sections 1107 and 1108 of the Bankruptcy Code, the
Debtors, as debtors and debtors-in-possession, will continue to manage and
operate each company's assets and businesses pending the confirmation of
reorganization plans subject to the supervision and orders of the Bankruptcy
Court.
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
Equalnet Communications Corp.
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(Registrant)
Dated: September 21, 1998 By: /s/ Mitchell H. Bodian
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Mitchell H. Bodian
Chief Executive Officer and President
