January 31, 2023
A Texas bankruptcy judge has approved former Dallas-area nursing home operator Christian Care Centers Inc.'s Chapter 11 plan to use most of the $44.2 million it raised when it sold its three facilities over the summer to pay its bondholders.
January 18, 2023
A Texas bankruptcy judge has approved a deal reached by former Dallas-area nursing home operator Christian Care Centers Inc. to end a challenge raised by its unsecured creditors to the claims of its bondholders on its assets.
July 21, 2022
Another cryptocurrency player succumbs to marketwide distress, Johnson & Johnson's bankrupt talc unit seeks a pause of talc suits brought by state attorneys general and a $21 million settlement in the liquidation of defunct law firm LeClairRyan is drawing appeals from the bankruptcy watchdog. This is the week in bankruptcy.
July 20, 2022
Dallas-area nursing home operators Christian Care Centers Inc. received approval from a Texas bankruptcy judge Wednesday for a $44.2 million Chapter 11 sale of its three facilities, which will be able to close quickly and enable the new owner to continue providing care for hundreds of residents.
July 15, 2022
Nonprofit Dallas area nursing home operator Christian Care Centers Inc. Friday told a Texas bankruptcy judge that it will be asking her to approve the sale of its assets to the stalking horse bidder in its Chapter 11 sale for $44.2 million.
June 21, 2022
A Texas bankruptcy judge Tuesday gave a nonprofit Dallas-area nursing home operator permission to tap into $5.8 million in Chapter 11 financing and go forward with its sale plans after learning that objections from unsecured creditors had been resolved.
May 23, 2022
A nonprofit Dallas-area nursing home operator filed for Chapter 11 protection in a Texas bankruptcy court Monday, saying it is seeking a sale to deal with $64.5 million in debt, saying a weakened financial position left it unable to deal with the COVID-19 pandemic.