Cold Spring Acquisition, LLC
Case Number:
7:25-bk-22002
Court:
Nature of Suit:
Firms
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March 20, 2025
NY Nursing Home Gets Ch. 11 Sale OK, Averting Closure
Nursing home operator Cold Springs told a New York bankruptcy judge Thursday the buyer of its 588-bed facility has quelled a dispute with a healthcare workers' union, clearing the way for a Chapter 11 sale.
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March 05, 2025
NY Nursing Home Cold Spring Pushes Asset Sale Approval
Long Island nursing home Cold Spring Acquisition LLC on Wednesday asked a New York bankruptcy court to approve its asset sale and grant receivership to a proposed buyer, saying it has reached an agreement with both the potential buyer and its union, which had previously opposed the sale.
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February 18, 2025
Bankruptcy Judge OKs Plan To Close NY Nursing Home
A New York bankruptcy judge has said a 588-bed nursing home can shut its doors if the state's Department of Health will sign off on the debtor's plan to close the facility, after the company asked for permission as it faced mounting losses.
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January 31, 2025
NY Nursing Home Sale Request Delayed By Union Dispute
A bankrupt 588-bed Long Island nursing home Friday postponed its request that a New York bankruptcy judge approve the sale of its facility while its union workers and its proposed buyer try to work out the terms of their future contract.
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January 24, 2025
Under The Radar: Bankruptcy News You May Have Missed
The daughter of bankrupt Chinese exile Miles Guo is fighting a contempt bid brought by the Chapter 11 trustee of her father's estate. Brazilian airline Gol Linhas and Spirit Airlines are seeking to implement third-party releases in their respective Chapter 11 plans. And bankrupt financial technology company Synapse appears to be the subject of a grand jury investigation.
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January 09, 2025
Meet The Attys Helping Ailing NY Nursing Home In Ch. 11
Cold Spring Holdings, owner of a 588-bed nursing facility on Long Island, has enlisted attorneys from Manatt Phelps & Phillips LLP to help the company pursue a Chapter 11 bankruptcy it says was stimulated by a "crusade" on the part of New York Attorney General Letitia James.
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January 08, 2025
Catching Up With New Bankruptcy Case Action
Satellite and spectrum firm Ligado Networks filed in Delaware with $8.6 billion in debt. Regional airline Silver Airways LLC entered bankruptcy with plans to restructure by early 2025. A New York City waterfront condominium owner cited $70 million in liabilities, while a Long Island nursing home with $58 million in debt blamed its filing on litigation by New York Attorney General Letitia James.