A court filing seeking the appointment of a Chapter 11 trustee in the Universal Health Care Group Inc. bankruptcy outlines “a pattern of dishonesty or gross mismanagement” including transfers of assets, “side deals” benefiting insiders and increasing compensation to insiders.
The March 26 motion wants the judge in the case to appoint a trustee or convert the case to Chapter 7 liquidation.
The St. Petersburg-based health care holding company filed a petition Feb. 6 for Chapter 11 reorganization,…
A court filing seeking the appointment of a Chapter 11 trustee in the Universal Health Care Group Inc. bankruptcy outlines “a pattern of dishonesty or gross mismanagement” including transfers of assets, “side deals” benefiting insiders and increasing compensation to insiders.
The March 26 motion wants the judge in the case to appoint a trustee or convert the case to Chapter 7 liquidation.
The St. Petersburg-based health care holding company filed a petition Feb. 6 for Chapter 11 reorganization,…