Brownsville Doctors Hospital
Hospitals.net is a dynamic and inventive organization that is submitted to offer the best experience on the web. The various needs of our visitants, compel to us to give the most elevated amounts of substance, best quality and pleasure. Hospitals.net offers you a substantial resumes index that you can download in word arrange or as a picture, or simply print it gratis. Furthermore, you can find critical data about how to compose an impeccable continue to try your hardest when you are in and work meeting. Oak Point Partners acquired the remnant assets of the Brownsville Doctors Hospital, LLC Bankruptcy Estate (Brownsville Doctors Hospital) in November 2017.
On December 11, 2013, Brownsville Doctors Hospital filed a voluntary petition under chapter 7 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas, assigned Case No. 13-10524. Thereafter, a trustee was appointed to liquidate the remaining assets of the estate. Oak Point Partners acquired the remnant assets of the Brownsville Doctors Hospital, LLC Bankruptcy Estate in November 2017.
The sale of Bankruptcy Remnant Assets has become a popular method to help wrap up commercial bankruptcy cases. Specifically, more and more Trustees and Plan Administrators are generating an additional recovery for creditors by selling off the rights to any remaining “cats and dogs” in a bankruptcy estate for cash, even in situations without any remaining known assets.
Trustees receive a little more cash for the estate prior to its closing, and Oak Point receives the rights to anything that might trickle in after the case is closed. This can also allow Trustees to monetize with certainty items that may or may not ultimately pay out.
Beyond just generating additional cash for creditors, a sale of the Remnant Assets accommodates the expanding notion that bankruptcy cases need to get to Final Decree instead of continuing to linger. In addition, the sale provides a complete and final wrap-up of the case, thus freeing up professionals to focus on winning more business.