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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) AUGUST 9, 2000
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EQUALNET COMMUNICATIONS CORP.
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(Exact Name of Registrant as Specified in its Charter)
TEXAS 0-25482 76-0457803
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
1250 WOOD BRANCH PARK DRIVE, HOUSTON, TX 77079
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (281) 529-4600
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 3. Bankruptcy or Receivership
Equalnet Communications Corp. (the "Registrant") and two of its
subsidiary companies EqualNet Corporation ("EqualNet"), and USC Telecom, Inc.
("USC Telecom") filed voluntary petitions for relief under title 11, chapter
11 of United States Bankruptcy Code on August 9, 2000 (the "Petition Date")
in the United States Bankruptcy Court for the Southern District of Texas,
Houston Division (the "Bankruptcy Court"), Houston, Texas. The Registrant's
case is being administered under Case 00-37350-H4-11 and the cases of each of
EqualNet and USC Telecom are being administered under Cases 00-37351-H4-11
and 00-37353-H2-11, respectively. On the Petition Date a voluntary petition
for relief under title 11, chapter 7 of the United States Bankruptcy Code was
inadvertently filed for Netco Acquisition Corp. ("Netco"), a wholly-owned
subsidiary of the Registrant in the Bankruptcy Court. On August 14, 2000, an
emergency motion was filed by Netco to convert the chapter 7 case to a
chapter 11 case. The case of Netco is being administered under
Case 00-37355-H2.
The cases of Registrant, EqualNet and USC Telecom are being jointly
administered. The case of Netco is being administered separately as a
related case. Pursuant to Sections 1107 and 1108 of the Bankruptcy Code, the
Registrant, EqualNet and USC Telecom, as debtors and debtors-in-possession,
will each continue to manage and operate its assets and business subject to
the supervision and orders of the Bankruptcy Court.
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.
By: /s/ Mitchell H. Bodian
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Mitchell H. Bodian
President & Chief Executive Officer
Date: August 17, 2000
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