Quote:
Originally Posted by BrianL99
Generally, Bankruptcy sales are "asset sales", not the sale of a corporation.
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It seems if the proposed sale were to transform into an asset sale, a lot of the issues go away. The liabilities don't attach to the sale and the proceeds are held by the Bankruptcy Judge, to be used as he determines.
As TV Health apparently has limited assets (essentially, only its patient base), it seems this would be a logical way to go.
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Quote:
Originally Posted by Caymus
There are probably multiple non bankruptcy "normal" lawsuits {ie malpractice, slips/falls etc) against Village Health. Who "owns' them? Can the bankruptcy judge dismiss those and any pending suits?
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There was another medical malpractice suit agains TVH, mentioned in today's newspaper.
No, a Bankruptcy judge cannot simply dismiss pending lawsuits, he can however, manage the Bankruptcy to address pending actions.
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