Senior Care Centers’ plan accepted by majority of voting creditors

By Caroline Salls

Pittsburgh, Dec. 3 – Senior Care Centers, LLC’s plan of reorganization was accepted by a majority of voting creditors, according to a ballot report filed Monday with the U.S. Bankruptcy Court for the Northern District of Texas.

A total of 56 holders, or 61.54% in number, of $18.93 million, or 83.89% in amount, of general unsecured claims voted to accept the plan, while 35 holders, or 38.46% in number, of $3.63 million, or 16.11% in amount, of those claims voted to reject it.

A total of 188 holders, or 91.26% in number, of $538,976, or 88.84% in amount, of convenience claims voted to accept the plan, while 18 holders, or 8.74% in number, of $67,694, or 11.16% in amount, of those claims voted to reject it.

The plan confirmation hearing is scheduled for Dec. 4.

Senior Care Centers is a Dallas-based skilled nursing and long-term care industry leader in Texas and Louisiana. The company filed bankruptcy on Dec. 4, 2018 under Chapter 11 case number18-33967.

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