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...
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