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By Nick Brown NEW YORK (Reuters) – Charlie Ergen, the largest creditor of bankrupt wireless venture LightSquared, on Friday objected to a framework of the companys restructuring plan that would pay him in the form of a note while giving other lenders cash payouts. In papers filed in U.S. Bankruptcy Court in New York, Ergen, through his investment vehicle SP Special Opportunities, asked Judge Shelley Chapman to rule that the plan is not financially feasible, and to do so before parties devote resources to obtaining creditor support for it. LightSquareds $33 million bankruptcy loan is set to run out around the end of March. Ergen is the chairman of Dish Network Corp, but insists he amassed his roughly $1 billion chunk of LightSquareds senior loan debt on his own behalf.