By Lauren Berg (March 1, 2022, 7:28 PM EST) – Consortia Health Holdings Inc. on Monday filed a motion for assignment for the benefit of creditors in the Delaware Chancery Court, saying it is unable to pay its debts .
As an alternative to a formal bankruptcy proceeding, Consortia – which has provided diagnostic, therapeutic and educational services to treat patients with incontinence, pelvic pain, sexual dysfunction and other pelvic disorders – is applying for transfer all of its assets to a trust, where they can be liquidated and distributed to its creditors.
“The assignor is indebted to its creditors and is unable to pay its debts and wishes to provide for the payment of its debts…
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