LTAC Bankruptcy

Hospital lender

Our attorneys represented a lessor and senior secured lender in the bankruptcy of several long-term acute care hospitals, and in related litigation. We represented this client in a series of contested hearings, including matters relating to use of cash collateral, lien priority, and other issues. We also successfully prosecuted guarantee litigation against the debtors' principals. Ultimately, we helped orchestrate a going-concern sale of the facilities to a new operator, resulting in the purchaser's assumption of our client's debt and lease, as well as payment of our client's claims.

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