Nevada Bankruptcy Court Approved Radio Station Sale
A federal court authorized the $80,000 acquisition of ten radio stations following the liquidation of Global One Media.
Updated on Sept. 23, 2026 in Debt Relief
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The Nevada federal bankruptcy court has finalized the sale of ten radio broadcast stations to Natalia Hudson for a total of $80,000. The transaction involves assets formerly owned by Global One Media, which transitioned to Chapter 7 liquidation last year.
Why it matters
This court-ordered sale marks a significant step in resolving the financial obligations of Global One Media, which entered bankruptcy to settle debts with creditors like Newtek Small Business Finance LLC. The reduced purchase price reflects the exclusion of real estate assets from the station portfolio.
The asset sale is valued at $80,000, consisting of an initial $60,000 deposit and four scheduled payments of $5,000. This follows a previous failed attempt that resulted in the forfeiture of a $50,000 deposit.
The players
Natalia Hudson
The buyer of the broadcast assets and a relative of the radio group's principal.
Global One Media
The bankrupt radio broadcast company whose assets were liquidated by court order.
Newtek Small Business Finance LLC
The primary creditor of the radio group providing capital and financing for businesses.
Rich Hudson
A principal of the bankrupt radio media company.
The details
The purchase agreement covers three FM translators and seven full-power stations. The deal structure requires a $5,000 payment at closing, followed by three additional $5,000 installments. This liquidation process follows the company's conversion from Chapter 11 to Chapter 7 bankruptcy in September 2025 to satisfy outstanding creditor claims.
Timeline
February 2024: Global One Media filed for Chapter 11 bankruptcy.
September 2025: Global One Media converted to Chapter 7 bankruptcy.
May 2026: Broadcast assets were placed into trustee care.
August 11, 2026: The asset purchase agreement was finalized.
Money Landscape
This transaction follows the standard procedures defined by Chapter 7 bankruptcy liquidation to satisfy corporate debts. The sale marks the conclusion of a transition that moved the media assets into court-supervised trustee care.
This court-supervised sale demonstrates how business assets are liquidated to repay creditors during a Chapter 7 filing. Readers managing business debts should consult with a financial or legal professional to understand how their assets may be treated under similar bankruptcy terms.
The takeaway
Liquidation sales are a final step in bankruptcy intended to satisfy creditor claims before a business entity is dissolved. If you are navigating a business bankruptcy, track your case filings through the local federal court portal to monitor upcoming creditor meetings and asset distribution deadlines.
Further reading
Learn more about how legal protections work for Debt Relief during corporate restructuring.
Source note: This article includes information reported by Radio & Television Business Report.
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