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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) January 24, 1997
In-Flight Phone Corporation
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
33-92752 36-3733319
(Commission File Number) (IRS Employer Identification No.)
One Tower Lane, Oakbrook Terrace, IL 60181
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (630) 573-2660
Not Applicable
(Former name or former address, if changed since last report)
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ITEM. 3. BANKRUPTCY OR RECEIVERSHIP.
On January 24, 1997, In-Flight Phone Corporation ("IFPC"), wholly-owned
subsidiary of IFP Holdings, Inc., filed a petition to reorganize under chapter
11 of the United States Bankruptcy Code in the United States Bankruptcy Court
for the District of Delaware. IFPC has also entered into an interim Service
Agreement with MCI Telecommunications Corporation ("MCI") under which IFPC will
receive sufficient funds from MCI to continue its normal operation for 45 days.
IFPC anticipates that post-interim funding will be available and IFPC is in
discussions to conclude the necessary arrangements for the post-interim period.
SIGNATURE
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 thereunto duly authorized.
IN-FLIGHT PHONE CORPORATION
By: /s/ Michael K. Nissenbaum
Date: January 24, 1997 -----------------------------------
Michael K. Nissenbaum
Chief Financial Officer
Vice President - Finance & Administration
Secretary & Treasurer
Duly Authorized Officer and
Principal Financial Officer
