Defunct prison health-care company Tehum Care Services Inc.'s former insiders and affiliates, including YesCare Corp., have allegedly missed a settlement payment to creditors after failing to make several others in recent months, risking a wave of renewed litigation.
The $2 million payment, due Feb. 17, was to be distributed to two trusts for unsecured creditors and personal injury and wrongful death claimants, according to a Wednesday notice filed by the trusts’ lawyers in the US Bankruptcy Court for the Southern District of Texas.
If the alleged default isn’t fixed by March 4, legal protections created by Tehum’s Chapter 11 plan ...
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