Skip to Content

Tag: Chapter 11

Also Noted

Court approves Joerns' Chapter 11 plan

July 30, 2019HME News Staff

CHARLOTTE, N.C. - Joerns Healthcare says the U.S. Bankruptcy Court for the District of Delaware has confirmed the Chapter 11 plan for the company and its domestic subsidiaries. Joerns expects to complete its restructuring and successfully emerge from bankruptcy over the coming weeks. The restructuring plan reduces the company's debt by more than $320 million, while providing up to $40 million of new financing to support its ongoing operations and continued investments. The plan also provides...

Bankruptcy, Chapter 11, Joerns Healthcare

Read Full Articlered right arrow icon

Also Noted

Rotech receives approval from bankruptcy court

April 10, 2013HME News Staff

ORLANDO—The U.S. Bankruptcy Court has granted Rotech's first-day motions, which are designed to ensure normal daily operations during the company's Chapter 11 debt restructuring, according to a press release. Among several motions, the court approved Rotech's ability to continue paying employee wages and benefits, and authorized the immediate use of $25 million of the company's $30 million debtor-in-possession (DIP) financing, the release stated. Additionally, the court approved Rotech's request...

Chapter 11, Rotech, U.S. Bankruptcy Court

Read Full Articlered right arrow icon

Specialty Providers

Liberty Medical files for bankruptcy

February 19, 2013HME News Staff

PORT ST. LUCIE, Fla. - The changes at Liberty Medical Supply are happening at a dizzying speed.Just months after a group of company execs bought Liberty Medical from its parent company, they filed for Chapter 11 bankruptcy on Feb. 15, according to news reports.In its filing, Liberty Medical cites between $100 million and $500 million in both assets and liabilities, and between 1,000 and 5,000 employees. It lists several unsecured creditors with disputed claims, including CGS Administrators, a Medicare...

Bankruptcy, Chapter 11, Diabetes, Liberty Medical Supply

Read Full Articlered right arrow icon