Bankruptcy News

We've summarized the latest docket activity and news for publicly traded companies currently operating under U.S. Bankruptcy Court protection.

Bankruptcy/Chapter 11

Nuo Therapeutics Chapter 11 Petition Filed

Nuo Therapeutics filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, case number 16-10192. The Company, which pioneers leading-edge biodynamic therapies for wound care, is represented by William P. Bowden of Ashby & Geddes. The Company announced that it will request approval of an aggregate of approximately $9 million in debtor-in-possession financing from its pre-bankruptcy lenders: Deerfield Management and certain of its affiliates. The Company will continue to operate its business as a debtor-in-possession during the reorganization and expects that substantially all of its assets will be sold pursuant to a bankruptcy court supervised process under Section 363 of the Bankruptcy Code.

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