June 05, 2026
Texas hospital operator Sherman/Grayson and embattled auto parts maker First Brands are facing bids to dismiss or convert their Chapter 11 cases, while e-commerce brand QVC group is seeking approval for its Chapter 11 plan and Clearside Biomedical wants clearance to sell its assets.
June 05, 2026
Texas' bankrupt former hospital owner Sherman/Grayson Hospital LLC said that professional fees have been paid, monthly operating reports filed and other steps taken that should prevent its Chapter 11 case from being converted to a Chapter 7 liquidation.
May 01, 2026
The U.S. trustee is pushing for the nearly three-year-long Chapter 11 case of a 207-bed Texas hospital to be converted to a Chapter 7 liquidation, saying the case has dragged on without a resolution in sight while the estate continues to incur administrative expenses.
December 01, 2023
Bankrupt hospital owner Alecto Healthcare Services can continue its Chapter 11 case as a small business debtor under Subchapter V of the Bankruptcy Code after a Delaware bankruptcy judge ruled Friday its debts fall under the statutory cap for eligibility.
November 29, 2023
Defunct hospital owner Alecto Healthcare Services on Wednesday defended its election to run its insolvency case under Subchapter V of the Bankruptcy Code, saying its liquidated debts fall under the $7.5 million cap, making it eligible to proceed under the process reserved for small business debtors.
August 08, 2023
The Office of the U.S. Trustee has objected to the proposed retention of two law firms by bankrupt hospital owner Alecto Healthcare Services, saying the firms are also handling the bankruptcy of an affiliated hospital owner of which Alecto is the largest unsecured creditor, with a $60 million claim.