World Health Alternatives unsecured creditors committee amended to grant Palisades' request

By Jennifer Chiou

New York, March 10 - World Health Alternatives, Inc.'s U.S. Trustee amended the official committee of unsecured creditors for the company's Chapter 11 case, adding Palisades Master Fund, LP and Curley and Associates to the committee, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.

The committee now includes Blair Alexander West of Transaction Advisory Services, LLC, New York; Elizabeth Parker of McEwen Inc., Clarksburg, Ont.; Robert Stovall of Matrix Resources, Inc., Atlanta; Andrew Reckles of Palisades Master Fund, Roswell, Ga; and Noal W. Curley of Curley and Associates, Sanford, Fla.

According to Palisades' emergency motion filed on March 7, the U.S. Trustee had refused to appoint the company to the committee despite the fact that Palisades is the largest unsecured creditor of World Health's estates.

Palisades previously said the U.S. Trustee offered no explanation whatsoever for its departure from a bankruptcy code directive that says a committee should be represented by the seven largest creditors. It had requested a March 14 hearing.

World Health filed for Chapter 11 on Feb. 20. Based in Pittsburgh, it provides staffing services for the medical industry. Its Chapter 11 case number is 06-10166.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.