American Physician Partners Gets Nod to Solicit Votes on Plan

American Physician Partners LLC received conditional approval to solicit votes on its bankruptcy plan, which involves liquidating the company through a trust.

• US Bankruptcy Judge Brendan Linehan Shannon conditionally approved the company’s disclosure statement during a hearing on Tuesday, which allows the firm to start soliciting votes on its bankruptcy plan
  • The plan includes a liquidating trust that will dole out the company’s assets to various creditors
• The physician staffing company expects to exit the court process in around six weeks, according to company lawyer Laura Davis Jones
  • It filed for bankruptcy in September after ceasing operations in July
• The ...