Steward Health Care System LLC asked a bankruptcy judge to extend its exclusive right to propose a Chapter 11 wind-down plan, citing support from key creditor groups.
Steward seeks a little more breathing room “out of an abundance of caution” to implement a liquidation plan ahead of a July 14 hearing for bankruptcy court approval.
The health-care system, which has sold or closed all of its hospitals since filing for Chapter 11 last year, told the US Bankruptcy Court for the Southern District of Texas on Monday that extending its exclusive periods will help the company maximize the value of ...
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