SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Sections 13 or 15(d) of
                       The Securities Exchange Act of 1934


         Date of Report (Date of earliest event reported): June 30, 2004

                      GLOBALSTAR TELECOMMUNICATIONS LIMITED

             (Exact name of registrant as specified in its charter)


 Bermuda                      0-25456                   13-3795510

(State or other              (Commission                IRS Employer
 jurisdiction of              File Number)              Identification
 incorporation)                                         Number


              Cedar House, 41 Cedar Avenue, Hamilton, Bermuda HM 12
               (Address of Principal Executive Offices) (Zip Code)

       Registrant's telephone number, including area code: (441)- 295-2244





Item 3.  Bankruptcy or Receivership.

On June 30, 2004, Globalstar Telecommunications Limited ("GTL") filed a Petition
under Chapter 7 of the United States Bankruptcy Code in the United States
Bankruptcy Court in the Southern District of New York (Case No. 04-14480). GTL
does not anticipate having any ongoing business operations in the future other
than the winding down of its affairs. Except as noted below, GTL believes that
its shareholders will not receive any distribution or anything else of value on
account of their ownership of GTL shares.

As noted in GTL's Current Report on Form 8-K filed with the Securities and
Exchange Commission on June 21, 2004, GTL shareholders of record on June 28,
2004, have been granted certain rights to participate in certain specified
public offerings of securities that may be issued in the future by the successor
entity to Globalstar, L. P. No assurance can be given that such right or such
offering, if any, will be of value to GTL shareholders.

                                   SIGNATURES

Pursuant to the signature requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                      GLOBALSTAR TELECOMMUNICATIONS LIMITED


                                 By: /s/ Ira E. Goldberg
                                         ---------------
                                         Ira E. Goldberg, Restructuring Officer


Dated:   June 30, 2004
New York, New York