New Chapter 11 Filing – Joerns WoundCo Holdings

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Joerns WoundCo Holdings, a Charlotte, N.C.-based vertically integrated manufacturer, distributor and service provider of durable medical equipment, filed a petition for relief under chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 19-11401).  According to the First Day Declaration, the Debtors have entered into a restructuring support agreement with consenting first lien lenders and consenting second lien lenders and have filed a prepackaged plan of reorganization and disclosure statement.  The Debtors have proposed Epiq to serve as their claims and noticing agent.  The Debtors report $100 million to $500 million in both assets and liabilities.  The case has been assigned to the Honorable John T. Dorsey.

Contact Norman L. Pernick or G. David Dean for more information regarding this matter.

As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.

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