October 23, 2017 9:28 AM ET

Healthcare Providers and Services

Company Overview of CHC-University Nursing & Rehab Ctr, LLC

Company Overview

CHC-University Nursing & Rehab Ctr, LLC operates a nursing facility. The company is based in Athens, Georgia.

180 Epps Bridge Road

Athens, GA 30606-3312

United States

Phone:

706-549-5382

Fax:

706-613-0991

Key Executives for CHC-University Nursing & Rehab Ctr, LLC

CHC-University Nursing & Rehab Ctr, LLC does not have any Key Executives recorded.

CHC-University Nursing & Rehab Ctr, LLC Key Developments

First Amended Liquidation Plan Approved for New Louisiana Holdings, LLC

The US Bankruptcy Court approved the first amended plan of liquidation of New Louisiana Holdings, LLC on August 31, 2016. The debtor had filed its first amended plan in the Court on July 18, 2016. As per the approved plan, Administrative Claims of $2.8 million, U.S Trustee Fees, Priority Tax Claims of $0.01 million, Non-Tax Priority Claims of $0.32 million, Secured Tax Claims of $40.02 million, Miscellaneous Secured Claims of $0.49 million and Professional Fees and Expenses of $0.52 million shall be paid in full in cash. General Unsecured Claims of $49.88 million shall receive pro rata share of distributions from the unsecured claimants trust after payment to all superior classes. Personal Injury Claims of $44.35 million shall receive a pro rata share from the Tort claimants trust. Chicago Health Care Leasing Claims of $10.17 million shall receive a distribution from the unsecured claimants’ trust after payment to all superior classes. Encore Lender Claims shall not receive or retain any property under the plan. Insider Claims of $41 million and TCR Personal Injury Claims of $500 million shall be cancelled and shall not receive any distribution under the plan. All the Interests in the debtors will continue to hold such Interest but will not receive any distribution under the plan. The plan shall be funded from debtor’s cash in hand and from sale of its assets.

First Amended Liquidation Plan and Disclosure Statement Filed by New Louisiana Holdings, LLC

New Louisiana Holdings, LLC filed an amended plan of liquidation with related disclosure statement in the US Bankruptcy Court on June 18, 2016. As per the amended plan filed, Professional Fees claims of $0.52 million will be paid in full in cash. There were no other changes in the treatment of the claim classes. The debtor filed modification to the liquidation plan on August 29, 2016. There were no changes in the treatment of claim classes.

Joint Liquidation Plan and Disclosure Statement Filed by New Louisiana Holdings, LLC and Official Committee of Unsecured Creditors

New Louisiana Holdings, LLC and the Official Committee of Unsecured Creditors filed a joint plan of liquidation with related disclosure statement in the US Bankruptcy Court on June 17, 2016. As per the plan filed, Administrative Claims of $2.8 million, U.S Trustee Fees, Priority Tax Claims of $0.01 million, Non-Tax Priority Claims of $0.32 million, Secured Tax Claims of $40.02 million, Miscellaneous Secured Claims of $0.49 million and Professional Fees and Expenses shall be paid in full in cash. General Unsecured Claims of $49.88 million shall receive pro rata share of distributions from the unsecured claimants trust after payment to all superior classes. Personal Injury Claims of $44.35 million shall receive a pro rata share from the Tort claimants trust. Chicago Health Care Leasing Claims of $10.17 million shall receive a distribution from the unsecured claimants’ trust after payment to all superior classes. Encore Lender Claims shall not receive or retain any property under the plan. Insider Claims of $41 million and TCR Personal Injury Claims of $500 million shall be cancelled and shall not receive any distribution under the plan. All the Interests in the debtors will continue to hold such Interest but will not receive any distribution under the plan. The plan shall be funded from debtor’s cash in hand and from sale of its assets.

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