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Specializing in insolvency and complex commercial matters since 1974

Stichter, Riedel Represents Debtor In Sale Of 210 Bed Skilled Nursing Facility - December 23, 2004

The firm represented The Alliance Foundation for Housing and Health Care, Inc. as debtor in possession. The Debtor owned a 210 bed skilled nursing facility subject to $16 million of secured bond debt. On behalf of the Debtor, the firm filed motions seeking authorization to sell the facility at an auction. On December 23, 2004, the Bankruptcy Court for the Middle District of Florida, Tampa Division entered an order approving the sale a 210 bed skilled nursing facility for $8,400,000. The firm represented the Debtor in the closing of that sale.