Creditors of Inspired Healthcare Capital Holdings LLC are seeking restrictions on the senior living community developer’s bankruptcy sale process in order to prevent secured lenders from getting an advantage over other potential bidders.
The bankrupt private equity firm should add language to its pending motion for a Chapter 11 asset sale process that would bar lenders from serving as consultation parties and asset bidders, an official committee of unsecured creditors said in a filing Monday with the US Bankruptcy Court for the Northern District of Texas.
“To produce a value-maximizing result, it is critically important that the debtors run a ...
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