In our role as counsel to the Official Committee of Unsecured Creditors of Vanguard Healthcare, we protected the interests of all unsecured creditors in every aspect of a bankruptcy and worked to achieve a 100% recovery of the amounts owed to unsecured creditors. Achieving this goal required that the Department of Justice’s false claims action against the debtors be resolved promptly. The debtors are a privately held skilled nursing company that operates approximately 18 facilities and a pharmacy. Glenn Rose has extensive experience in both bankruptcy and false claims act lawsuits against healthcare companies, enabling the firm to play a key role in obtaining a satisfactory resolution of the government’s claim. Ultimately, we successfully negotiated with the debtor a chapter 11 plan that will allow the debtor to remain in business and pay the unsecured creditors 100% on their claims.
Counsel to Unsecured Creditors in Bankruptcy Settlement
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