Recently by Andrew H. Sherman
The Bankruptcy Code is a powerful tool for debtors in assuming or rejecting unexpired issues in commercial real estate.Read More
The Unhealthy State of Healthcare
Sills Cummis & Gross insolvency specialist Andrew H. Sherman discusses an industry plagued with uncertainty and struggling to get back on its feet. His remarks have been edited for length and style.
CCBJ: As chair of your firm’s Creditors’ Rights/Bankruptcy Reorganization practice...Read More
In Re Bayou Shores SNF, LLC: Another Limitation on the Limited Jurisdiction of the Bankruptcy Courts?
Medicare and Medicaid reimbursement payments are the principal source of revenue for many hospitals and nursing facilities. These sources of revenue can be particularly important to distressed healthcare providers who seek reorganization under the Bankruptcy Code. Because governmental...Read More
Is Bankruptcy The Cure For Distressed Hospitals?
The financial woes leading to recent bankruptcies and closures of an increasing number of hospitals are attributable to many factors, including insufficient reimbursement from Medicare and Medicaid, insufficient contributions from state charity care programs which require hospitals to provide care...Read More
Why Buy a Bankruptcy Claim When You Can Acquire A Distribution Right?
The trading of claims is a familiar practice in bankruptcy cases, both as a short-term investment vehicle and a long-term opportunity with the intention of obtaining a strategic position in the confirmation process.1 In certain instances, an investor can purchase a claim at a discount prior to the...Read More