CAREMAX, INC.
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February 03, 2025
Under The Radar: Bankruptcy News You May Have Missed
A New Jersey event venue, a lithium battery maker and the operator of one of the world's largest cobalt refineries hit Chapter 11; retailer Party City wants to beef up security for its current and former directors, citing threats of violence; and yet another former member of Byju's Alpha's top brass was sanctioned for contempt of court.
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January 28, 2025
CareMax On Track To Confirm Ch. 11 Plan
A Texas bankruptcy judge said Tuesday she would confirm embattled medical system CareMax's proposed Chapter 11 plan after it makes some modifications, highlighting that the proposal's definition of released parties was "entirely too broad."
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January 27, 2025
Creditors, US Trustee Oppose CareMax Ch. 11 Plan
The U.S. Trustee's Office and the Official Committee of Unsecured Creditors have objected to embattled medical system CareMax's proposed Chapter 11 plan, saying the plan includes improper, nonconsensual releases.
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December 13, 2024
Under The Radar: Bankruptcy News You May Have Missed
An artificial intelligence startup said its former CEO can't put a freeze on her indemnification claims in its bankruptcy while she faces criminal and civil fraud charges. The bankrupt former owner of a talc mine owner said it needs another $9 million in Chapter 11 funding to close its case. And, the Office of the U.S. Trustee said use of opt-out forms to get creditor consent to third-party releases aren't allowed under state law.
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December 05, 2024
Not Just COVID, Rapid Expansion Drove CareMax's Ch. 11
Pressures from rising operational costs, the lingering effects of the COVID pandemic, and inflation have all contributed to CareMax Inc.'s recent filing for Chapter 11, but it also found itself in a challenging healthcare environment that made it difficult for the company specializing in senior care to keep up with its rapid expansion.
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November 27, 2024
Meet The Attorneys Directing CareMax's Ch. 11
A team of lawyers from Sidley Austin LLP is guiding medical services company CareMax Inc. as it plans to sell its assets during its Chapter 11 case in Delaware.
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November 19, 2024
CareMax Can Tap $122M In Ch. 11 Funds Amid Sale Efforts
A Texas bankruptcy judge on Tuesday approved embattled medical system CareMax's bid to borrow a share of the $122 million in Chapter 11 financing its senior lenders have extended to help fund the company's operations and its ongoing sale efforts.
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November 19, 2024
Catching Up With New Bankruptcy Case Action
Spirit Airlines filed for Chapter 11 bankruptcy, citing $3.6 billion in funded debt and unveiling a preapproved restructuring plan to convert $795 million of debt into equity. Dormify, Cosmed Group and PetroQuest Energy also sought bankruptcy protection, largely due to litigation-related challenges. Meanwhile, companies like Swedish debt collector Intrum and heat sealing equipment manufacturer SWC Industries blamed their financial struggles on rising interest rates, inflation, and broader macroeconomic pressures.
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November 18, 2024
Health Care Co. CareMax Hits Ch. 11 With Plans To Sell Assets
Medical services company CareMax Inc. has filed for Chapter 11 protection in Texas bankruptcy court, listing $422.6 million of funded debt and disclosing plans to sell its assets during the case.