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FAIRPOINT COMMUNICATIONS Bankruptcy News, Issue No. 2

BCSI reports on latest events arising in the chapter 11 cases commenced by FairPoint Communications, Inc.

(EMAILWIRE.COM, October 30, 2009 ) FAIRLESS HILLS, Pa. -- Bankruptcy Creditors' Service, Inc., published Issue No. 2 of FAIRPOINT COMMUNICATIONS BANKRUPTCY NEWS today. The 22-page newsletter contains stories with these headlines:

[00011] DEBTORS' MOTION TO OBTAIN UP TO $75-MIL. IN DIP FINANCING
[00012] DEBTORS' MOTION TO CONTINUE USING CASH MANAGEMENT SYSTEM
[00013] DEBTORS' MOTION TO CONTINUE EXISTING BANK ACCOUNTS
[00014] DEBTORS' MOTION TO CONTINUE EXISTING BUSINESS FORMS
[00015] DEBTORS' MOTION TO WAIVE SEC. 345 INVESTMENT GUIDELINES
[00016] DEBTORS' MOTION TO PAY PREPETITION EMPLOYEE OBLIGATIONS
[00017] DEBTORS' MOTION TO EXTEND TIME TO FILE SCHEDULES
[00018] DEBTORS' MOTION TO ENFORCE AUTOMATIC STAY
[00019] DEBTORS' MOTION FOR JOINT ADMINISTRATION OF CASES
[00020] DEBTORS' MOTION TO HONOR PREPETITION CUSTOMER OBLIGATIONS
[00021] DEBTORS' MOTION TO PAY PREPETITION SHIPPING CHARGES
[00022] DEBTORS' APPLICATION TO EMPLOY PAUL HASTINGS AS COUNSEL
[00023] DEBTORS' MOTION TO HIRE BMC AS CLAIMS & NOTICING AGENT
[00024] FITCH DOWNGRADES FAIRPOINT'S IDR TO 'D' DUE TO BANKRUPTCY
[00025] NYSE DELISTS FAIRPOINT STOCK DUE TO BANKRUPTCY FILING

A copy of today's newsletter can be purchased on-line with a major credit card at https://ecommerce.bankrupt.com/bin/ibl_re?co_name=FAIRPOINT|COMMUNICATIONS for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.

FAIRPOINT COMMUNICATIONS BANKRUPTCY NEWS tracks the restructuring of FairPoint Communications, Inc.

How to Subscribe to FAIRPOINT COMMUNICATIONS BANKRUPTCY NEWS

FAIRPOINT COMMUNICATIONS BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.

To continue receiving FAIRPOINT COMMUNICATIONS BANKRUPTCY NEWS, please complete and submit the subscription form at https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=FAIRPOINT|COMMUNICATIONS

Contact Information:
Bankruptcy Creditors' Service, Inc.
Peter A. Chapman
Tel: (215) 945-7000
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