Physiotherapy Holdings Poised For Quick Ch. 11 Turnaround

Law360, Wilmington (November 14, 2013, 3:58 PM EST) -- A Delaware bankruptcy judge on Thursday blessed a slate of first-day motions for private-equity owned Physiotherapy Holdings Inc., positioning the network of physical therapy centers for a quick trip through Chapter 11 with its prepackaged restructuring plan.

At a hearing in Wilmington, Del., U.S. Bankruptcy Judge Kevin Gross gave Physiotherapy Holdings the green light to proceed with speed, agreeing to schedule a joint plan confirmation and disclosure statement hearing for Dec. 17. 

Designed to trim the company's debt by more than 60 percent, the “overwhelmingly consensual...
To view the full article, register now.