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Constellation Healthcare Files For Voluntary Chapter 11

Law360 (March 19, 2018, 6:46 PM EDT) -- Constellation Healthcare Technologies Inc. on Friday filed for bankruptcy in New York with plans to quickly sell off most of its business units and restructure $160 million in debt, as the medical accounting conglomerate struggles with the fallout of a “large, complex and brazen fraud” allegedly perpetrated by its former CEO.

Constellation, which filed for bankruptcy alongside more than a dozen subsidiaries, has already secured a $7.5 million debtor-in-possession loan from Bank of America and has filed a series of so-called first day motions that will...
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