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Published on 5/9/2017 in the Prospect News Distressed Debt Daily.

Vanguard Healthcare committee requests delay of confirmation hearing

By Caroline Salls

Pittsburgh, May 9 – Vanguard Healthcare, LLC’s official committee of unsecured creditors asked the U.S. Bankruptcy Court for the Middle District of Tennessee to continue the company’s plan of reorganization confirmation hearing “to allow the committee to complete discovery and to adequately prepare for the hearing,” according to a motion filed Tuesday.

The confirmation hearing is currently scheduled for June 14. The committee said it is requesting a “reasonable continuance.”

“This request for a continuance has been necessitated by the failure of other parties to this case to timely provide the committee with information necessary to allow the committee to adequately prepare for the confirmation hearing and the existence of significant open/unresolved events,” the motion said.

Vanguard is a Brentwood, Tenn., long-term care provider. The company filed bankruptcy on May 6, 2016 under Chapter 11 case number 16-03296.


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