Tag: Chapter 11 U.S. Bankruptcy Code

ORLANDO, Fla. - Rotech Healthcare announced today that it has filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code.As part of its reorganization plan, Rotech will eliminate about half of its secured debt, the company stated in a press release.“Today's actions will enable us to create a capital structure that will provide a foundation for sustained profitability and future growth,” stated Steven Alsene, president and CEO of Rotech, in the release....