Counsel to Unsecured Creditors in Bankruptcy Settlement

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.

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