Represented Bayonne Medical Center As Chapter 11 Debtor And Settled Extensive Litigation

Represented Bayonne Medical Center as a Chapter 11 debtor and obtained approval of a settlement with the primary secured creditors. The settlement resolved extensive litigation over issues relating to collateral values and adequate protection. More importantly, the settlement sets the foundation for a Chapter 11 plan for the debtor, which provided for the reorganization of the hospital and for a distribution to unsecured creditors – rare results in hospital Chapter 11 cases.

Related Contacts
Lawrence Gottlieb Retired Partner, New York
Seth Van Aalten Partner, New York