Debtor Representation

Foley has represented hospitals, skilled nursing facilities (SNFs) and specialized care givers in a wide range of formal bankruptcy matters in and out of the courtroom. This includes helping them proactively maintain liquidity by restructuring loans and working with lenders on forbearance options. We also counsel officers and directors regarding fiduciary duties and appropriate options for restructuring. We are highly experienced in using Chapter 11 as a powerful tool to reorganize distressed companies. Representative matters include:

  • MTPC, LLC: Represent proton therapy Proton Therapy Centers in reorganizing more than $300 million in bond debt.
  • Mercy Hospital and Medical Center: Represent hospital system as it winds down business.
  • PNW Healthcare Holdings, LLC: Represent 14 skilled nursing facilities through sale process.