BroadBand Office Files For Bankruptcy

FALLS CHURCH, VA-BroadBand Office, a broadband provider launched to great in July 1999 by a venture capital firm and some of the country’s largest real estate companies, has filed for Chapter 11 bankruptcy protection in the US District Court in Delaware. The company laid off some 348 employees last Wednesday, the same day it filed for bankruptcy.

BBO will keep 35 of its employees on in a “transition team” during the bankruptcy proceeding, according to a press release, and plans to continue to provide service to its existing companies “until the customers can be transitioned to a new purchaser.” According to bankruptcy court documents, a bankruptcy trustee hasn’t yet been assigned.