CarePoint Health Systems, Inc.

  1. January 31, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    Lenders for Tupperware said the company's Chapter 11 case does not need a committee to represent retired workers, the U.S. Trustee's Office opposed third-party releases in a pair of Chapter 11 cases and hardware retailer True Value wants more time to pursue its Chapter 11 plan.

  2. January 23, 2025

    CarePoint's Ch. 11 Docs OKd, But Confirmation Fight Looms

    Bankrupt hospital owner CarePoint Health Systems Inc. received approval of its Chapter 11 plan disclosure statement Thursday after a Delaware bankruptcy judge heard about a string of modifications that resolved objections, but some issues still remain ahead of a March confirmation hearing.

  3. January 21, 2025

    Giuliani Settles Asset Turnover, FDIC Sues SVB Ex-CEO

    Rudy Giuliani has turned over assets for a $148 million defamation judgment to former Georgia poll workers, following his absence at a recent trial. A Delaware bankruptcy judge criticized Dormify's founder for skipping a hearing on the retailer's Chapter 11 case. The FDIC sued Silicon Valley Bank's ex-CEO and other executives, alleging they mismanaged the company in the lead-up to its collapse in 2023. Meanwhile, a failed bidder for Alex Jones' Infowars increased its offer, as The Onion's parent company prepared a revised bid of its own.

  4. January 17, 2025

    NJ Hospital System's Ch. 11 Docs Need Work, Judge Says

    A Delaware bankruptcy judge told a New Jersey-based hospital system Friday that its Chapter 11 plan disclosures lacked the necessary information for creditors to make an informed decision about the plan and encouraged the debtor to continue discussion to resolve outstanding objections.

  5. January 15, 2025

    NJ Hospital Chain Reorg Plan Nets Flurry Of Objections

    The proposed disclosure statement and Chapter 11 plan of New Jersey hospital operator CarePoint Health Systems Inc. drew more than a half dozen objections, including from former owners, a prospective buyer, an insurance company and the U.S. Trustee's Office, with the debtor's reorganization proposal denounced as "skeletal" and "patently flawed."

  6. January 07, 2025

    NJ Hospital Chain Seeks $17M More In Ch. 11 Funding

    New Jersey hospital operator CarePoint Health asked a Delaware bankruptcy judge Tuesday for permission to borrow an additional $17 million in Chapter 11 financing as the company finalizes a restructuring plan.

  7. December 16, 2024

    Judge Kills Infowars Sale, BigLaw Firms Duck Suit

    A Texas court blocked an attempt from satirical news outlet The Onion to buy conspiracy theorist Alex Jones' radio show, and a racketeering suit against Jackson Walker LLP and Kirkland & Ellis LLP over allegations they profited from former bankruptcy Judge David R. Jones' romantic relationship with a member of the bankruptcy bar was dismissed. 

  8. December 10, 2024

    US Trustee Seeks Oversight Of Hospital Chain's Ch. 11

    The U.S. Trustee's Office has argued that bankrupt hospital operator CarePoint Health should be taken over by a Chapter 11 trustee, or it should be liquidated, due to gross mismanagement, including failing to remit more than $20 million withheld from employees' paychecks this year and concerns about a prepetition deal to sell one of its three hospitals.

  9. November 05, 2024

    Catching Up With New Bankruptcy Case Action

    Several companies sought Chapter 11 bankruptcy protection this week, reflecting diverse challenges across industries. TGI Fridays and Rainbow Production Services cited economic pressures and a post-COVID downturn, while Star Transportation and New Jersey nonprofit CarePoint Health Systems pointed to rising costs and funding issues that intensified after the pandemic. 

  10. November 04, 2024

    NJ Health System Hits Ch. 11 With Plans To Restructure Debt

    A New Jersey nonprofit that operates three hospitals filed for Chapter 11 in Delaware, saying it faced increased operating costs after COVID-19 and hopes to restructure its debt.