Liberty Power Holdings Takes Action To Ensure Continuing Operations and Strengthen Capital Structure Following Impact Of Texas Extreme Weather Event in February
Liberty Power Holdings Voluntarily Files for Chapter 11 Reorganization and Secures Commitment for Debtor-in-Possession Financing
- Liberty Power Remains Open with Adequate Cash on Hand and Financing Secured to Support Continuing Operations with Exceptional Service and Cost-Effective Energy Supply for Customers
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FORT LAUDERDALE, Fla., April 21, 2021 /PRNewswire/ Liberty Power Holdings LLC ( Liberty or the Company ), a national retail electric supply company, today announced that it filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Florida.
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Nursing Home Biz Gets OK For Ch. 11 Loan, Asset Auction
Law360 (April 16, 2021, 8:14 PM EDT) A Delaware bankruptcy judge Friday gave affiliates of nursing home chain Consulate Health Care permission to tap into $5 million in Chapter 11 financing and to solicit bids for their assets, but with a longer auction and more conditions on the loan than they asked for.
Following virtual closing statements by counsel for CMC II LLC, its unsecured creditors and other parties, U.S. Bankruptcy Court Judge John T. Dorsey approved both a debtor-in-possession loan from a Consulate affiliate and the bidding procedures for CMC s assets, with limits on the DIP collateral and two more months to market CMC s nonoperating assets.