In re Eldercare
Jul
04
2008
Ruling
Sale of debtor's nursing home assets and operations supported by sound business reasons approved.
Procedural posture
The debtors filed separate voluntary petitions for relief under chapter 11. The debtors sought to sell or otherwise transfer or transition a large portion of their nursing facility assets and business operations to the proposed transferees, and permit the State to establish receiverships for several additional nursing facilities. The committee of unsecured creditors filed a timely objection to the transfer motions.
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Court
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