Gulf Coast Health Care, LLC

  1. June 29, 2022

    Sears Lease Fight Hits High Court, Gulf Coast Plan Approved

    The U.S. Supreme Court took up a lease fight between Sears Holdings and the Mall of America, Gulf Coast Health Care got its Chapter 11 plan confirmed, and contractors owed money by the owner of the Carolina Panthers want a bankruptcy venue transfer. This is the week in bankruptcy.

  2. May 10, 2022

    Week In Bankruptcy: Mass Torts Stumble, New Ch. 11 Crop

    The past week has seen a trio of large Chapter 11 cases hit the dockets as debt holders become less permissive, the Diocese of Camden meet a wall of opposition from its insurers who aren't on board with a new $90 million plan to deal with sex abuse claims, and entities related to conspiracy theorist Alex Jones face challenges from families of Sandy Hook victims to their bankruptcy filings. This is the week in bankruptcy.

  3. May 04, 2022

    Judge Rejects 3rd-Party Releases In Gulf Coast's Ch. 11 Plan

    A Delaware bankruptcy judge rejected nursing home chain Gulf Coast Health Care's Chapter 11 plan Wednesday, saying it did not give parties with tort claims against the chain a large enough recovery to compensate for the third-party claims they would surrender.

  4. May 03, 2022

    Week In Bankruptcy: Purdue On Defense, Becker Goes To Jail

    Purdue Pharma LP told the Second Circuit that decades of precedent justify opioid liability releases given to the Sackler family under its Chapter 11 plan, tennis legend Boris Becker is headed to jail across the pond for hiding assets in bankruptcy, and asbestos claims drove a Hess Corp. subsidiary into bankruptcy in Texas. This is the week in bankruptcy.

  5. April 29, 2022

    Tort Claimants Blast Gulf Coast's Ch. 11 Plan As Unfair

    Parties with tort claims against Gulf Coast Health Care fiercely criticized the nursing home chain's proposed Chapter 11 plan, claiming in closing arguments Friday they were being shortchanged to benefit corporate insiders.

  6. April 28, 2022

    Gulf Coast Says Its Ch. 11 Plan Is Best Deal For All Claimants

    Nursing home chain Gulf Coast Health Care asked a Delaware bankruptcy judge Thursday to approve its Chapter 11 plan, saying it will provide the best possible result for unsecured creditors, including the tort claimants who have opposed it.

  7. April 27, 2022

    Gulf Coast Adds $1.5M To Tort Pot In Ch. 11 Plan

    The confirmation hearing for Gulf Coast Health Care's Chapter 11 plan restarted Wednesday with the announcement of another $1.5 million in cash for tort claimants and arguments that the plan is the best deal for unsecured creditors of the nursing home chain.

  8. April 19, 2022

    Judge Pauses Gulf Coast Trial At 11th Hour For More Info

    A Delaware bankruptcy judge on Tuesday postponed the conclusion of Gulf Coast Health Care's Chapter 11 plan confirmation by a week while the nursing home chain produces a previously withheld report on its deal with its largest landlord and secured creditor.

  9. April 14, 2022

    Gulf Coast Says 3rd-Party Releases Needed In Ch. 11 Plan

    Nursing home operator Gulf Coast Health Care LLC urged a Delaware bankruptcy judge Thursday to approve its Chapter 11 plan and override objections to its third-party releases, saying they are necessary for the plan to work.

  10. April 08, 2022

    Watchdog Opposes Litigation Releases In Gulf Coast Ch. 11

    The Office of the United States Trustee objected Friday to the proposed Chapter 11 plan of nursing home operator Gulf Coast Health Care LLC, saying it includes nonconsensual releases of facility resident litigation claims against nondebtor defendants.