Edgemere Dallas initiated a voluntary and comprehensive restructuring through Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Texas.
Deerfield Healthcare Technology Acquisitions closed its business combination with CareMax Medical Group and IMC Medical Group Holdings. The combination was partially funded by $125 million in financing from a $185 million credit facility from RBC Capital Markets and Truist Securities.
Robert P. Reynolds was elected president of the American Bankruptcy Institute. In addition, Hon. Kevin J. Carey of Hogan Lovells was named president-elect and Eve H. Karasik was elected to serve as the ABI’s first vice president of diversity and inclusion.
The amount of Chapter 11 bankruptcy filings in the third quarter, which are tracked in the newest Polsinelli-TrBK Distress Indices Report, hit the highest level since 2010. This trend is expected to continue in 2021.
The American Bankruptcy Institute selected Chief Bankruptcy Judge Barbara J. Houser as president of the board of directors for a one-year term. In addition to Houser’s appointment, Robert P. Reynolds was named president-elect and will become president in April 2021.