Artificial Heart Maker Gets Ch. 11 Dismissal Approved

By Vince Sullivan (January 13, 2017, 5:36 PM EST) -- SynCardia Inc., the bankrupt company that makes artificial hearts, received court approval Friday for a plan to have its Chapter 11 case dismissed because its assets have all been sold and there is no money left to distribute to creditors.

SynCardia, which changed its name to TAH Windown Inc. after its asset sale last fall, told the court during a brief hearing in Wilmington, Delaware, that it would not have any money left after it pays its administrative claims and that creditors were supportive of the case's dismissal.

Once U.S. Bankruptcy Judge Mary F. Walrath grants approval to the final fee...

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