Court OKs DirecTV Latin America Reorg

DirecTV Latin America LLC moved one step closer to emerging from Chapter 11 bankruptcy protection Friday.

The direct-broadcast satellite operator said the U.S. Bankruptcy Court in Wilmington, Del., has confirmed its plan of reorganization.

DirecTV Latin America said it expects its plan to become effective by the end of this month.

The company’s March 2003 filing only applied to its U.S. entity, and not to any of its operating companies in Latin America and the Caribbean.