Rejection of CBAs in a Liquidating Chapter 11 of a Healthcare Entity
4 ABI Healthcare Committee Newsletter No. 4
August 2010
"In In re Karykeion, currently pending in the U.S. Bankruptcy Court for the Central District of California, the court recently reviewed the application of section 1113 of the Bankruptcy Code in the context of the liquidation of a chapter 11 debtor that had been operating two acute-care hospitals. Keeping in mind that many hospitals are unionized, the Karykeion case presents interesting issues as it evaluates what a debtor must do when liquidating to satisfy section 1113 when a buyer is seeking to acquire a hospital without its collective bargaining agreement (CBA)."
Please visit the American Bankruptcy Institute's website to retrieve the article: http://www.abiworld.org/committees/newsletters/health/vol7num4/rejection.html.