Paper Tiger
By
| October 12, 2004
On paper, Adelphia owes its creditors a mind-blowing $3 trillion, or the equivalent of 40% of the national debt. Of course, that figure is artificially inflated, as the corporate structure—Adelphia is composed of 243 distinct business entities—means that duplicate claims have been filed against it. The actual amount owed is $18.6mln, which is stated in the MSO’s ’02 bankruptcy filing.