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Arch Wireless trying to pay creditors

Wireless messaging service provider Arch Wireless wants to use a round of stock and bond offerings to pay off 35,000 creditors, according to a new bankruptcy court filing. Arch Wireless filed for bankruptcy protection in December. It is one of at least eight companies offering wireless Internet connection that have filed for bankruptcy, ended services, sold off property, or needed to find extra funds to survive within the past 13 months.

Wireless messaging service provider Arch Wireless wants to use a round of stock and bond offerings to pay off 35,000 creditors, according to a new bankruptcy court filing.

Arch Wireless filed for bankruptcy protection in December. It is one of at least eight companies offering wireless Internet connection that have filed for bankruptcy, ended services, sold off property, or needed to find extra funds to survive within the past 13 months.