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Rehab Network Extends Sale Timeline To Appease Creditors

Law360, Wilmington (June 11, 2018, 6:55 PM EDT) -- Bankrupt drug and alcohol addiction treatment network EBH TopCo LLC on Monday reached a deal with its post-petition lender and its unsecured creditors committee in Delaware to extend the proposed milestones in its asset sale process by about three weeks to address the concerns of the newly formed committee.

During a hearing in Wilmington, debtor attorney Christopher A. Ward of Polsinelli PC said the committee on Sunday objected to the bid procedures proposed by EBH based on the accelerated timeline that would have seen a sale...
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