Trans Healthcare, Inc. enters receivership

Posted on January 16, 2009 by Ray Mullman

On Jan. 9, 2009, Trans Healthcare, Inc. filed for bankruptcy and entered into a receivership.  It seems to apply only to facilities located in Ohio and Maryland.  Trans Healthcare, Inc. is a subsidiary to THI Holdings, L.L.C. and a "sister" company to THI of Baltimore, Inc.   I would imagine the next step will be bankruptcy for THI of Baltimore, Inc. 

 

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Charlie - March 5, 2009 1:52 PM

How do you file for Bankruptcy, a "Federal Staute" controlled action and it only pertains to certain states?
If that is correct, then wouldn't that mean that an individual would need to file separate actions in all 50 states in order to have the Bankruptcy action effective?

Ray Mullman - March 6, 2009 2:18 PM

I am not sure exactly what you are asking but the bankruptcy court issues a stay that applies to all cases. The entity that went into bankruptcy would file the stay in the state court where an action was pending.

In this situation, THI only entered into a state receivership and not a bankruptcy so an automatic stay would not apply.

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