November 08, 2024
The U.S. Trustee's Office took aim at the U.S. ties and motivations of a bankrupt defense contractor in Abu Dhabi, creditors of Eletson Holdings said they were still skeptical of Reed Smith LLP's work in the company's contentious Chapter 11 case and a Navajo Nation-owned energy company argued that a reorganized coal miner is trying to use a typo to boost royalty payments.
January 16, 2024
A Texas bankruptcy judge on Tuesday ordered a shareholder in the bankrupt healthcare company GenesisCare to comply with the company's Chapter 11 plan after GenesisCare said the investor was preventing it from emerging from bankruptcy.
December 06, 2023
Troubled hospital owner GenesisCare received approval Wednesday in Texas court for a refinancing of its bankruptcy loan package that will provide $20 million in additional financing, defeating an objection from a secured lender concerned about the impact of the changes to Chapter 11 plan equity distributions.
December 04, 2023
One of the exit lenders to GenesisCare — a KKR-backed healthcare company whose Chapter 11 plan was confirmed last month — objected on Monday to the company's emergency motion for post-petition financing, saying the proposed financing "materially alters" the outcome of a group of creditors who voted on the plan.
November 21, 2023
KKR-backed health care company GenesisCare got the approval of a Texas bankruptcy judge Tuesday for its Chapter 11 reorganization plan, which it says will wipe $1.5 billion off its balance sheet.
June 01, 2023
KKR-backed health care company GenesisCare filed for Chapter 11 protection in Texas bankruptcy court on Thursday, just two weeks after another KKR-owned health care entity, Envision, buckled under the weight of its debts.