Herald: Cape Cod B'casting files for bankruptcy

[Bob Nelson]

The owner of AC WQRC, country WKPE, classical WFCC, and soft hits WOCN has filed for bankruptcy according to the Herald

http://www.bostonherald.com/business/media/view.bg?articleid=1199771&srvc=next_article

They are looking for a half million dollar loan. 

>>"The company listed less than $50,000 in assets and $10 million to $50 million in debt in its bankruptcy filing."

WFCC is said to be the flagship station of the World Classical Music network. Any guesses on whether someone can 
swoop in and buy the properties at bargain basement prices or do legal matters somehow cloud that?