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CAREMAX, INC.
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November 19, 2024
CareMax Can Tap $122M In Ch. 11 Funds Amid Sale Efforts
A Texas bankruptcy judge on Tuesday approved embattled medical system CareMax's bid to borrow a share of the $122 million in Chapter 11 financing its senior lenders have extended to help fund the company's operations and its ongoing sale efforts.
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November 19, 2024
Catching Up With New Bankruptcy Case Action
Spirit Airlines filed for Chapter 11 bankruptcy, citing $3.6 billion in funded debt and unveiling a preapproved restructuring plan to convert $795 million of debt into equity. Dormify, Cosmed Group and PetroQuest Energy also sought bankruptcy protection, largely due to litigation-related challenges. Meanwhile, companies like Swedish debt collector Intrum and heat sealing equipment manufacturer SWC Industries blamed their financial struggles on rising interest rates, inflation, and broader macroeconomic pressures.
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November 18, 2024
Health Care Co. CareMax Hits Ch. 11 With Plans To Sell Assets
Medical services company CareMax Inc. has filed for Chapter 11 protection in Texas bankruptcy court, listing $422.6 million of funded debt and disclosing plans to sell its assets during the case.