Houston Bankruptcy Attorney
Houston Bankruptcy Lawyer Law Firm Overview Attorney Profiles
Resource Links Testimonials Contact our Houston Office Articles
Bankruptcy Information
Call Toll Free
Bankruptcy Information Center

Our Bankruptcy Attorneys


InSight Health Services Holdings Corp. Emerges from Bankruptcy

After eliminating nearly $300 million of its debts in 2010 InSight Health Services Holdings Corp. has emerged from bankruptcy protection.

The Lake Forest-based company was able to pay down enough of its debt to emerge earlier than expected. According to Chief Executive Kip Hallman, the company is expected to soon be "effectively debt-free, which is a really nice place to be." However, this isn't the first time that the company filed for bankruptcy. Back in 2007 InSight filed for bankruptcy and again last December despite operating in over 30 states and bringing in a yearly revenue of $2 million.

InSight is now owned by Black Diamond Capital Management LLC that has more than $5 billion in assets. It will also rely on a $17.5 million line of credit from Healthcare Finance Group LLC to use for working capital.

Are you considering bankruptcy as a last-ditch resort? If so, contact our legal team to enlist the services of a Houston bankruptcy lawyer.

Houston Office

720 N. Post Oak Rd
Suite 365
Houston, Texas 77024
Directions
Phone: 800-BANKRUPT
Fax: 713-782-7451

Malaise Law Firm Email Us
Send an Email (* indicates a required field)
Subject:
Your Name:
* Your Email Address:
Your Phone Number:
- - -
Your City:
Your Message:
 
DISCLAIMER: Sending an email through this form will not create an attorney-client relationship and will not necessarily be treated as privileged or confidential. Please do not send sensitive or confidential information via this email form. Email sent via the Internet might be intercepted and read by third parties.
Contact Preference:
 
Bankruptcy Videos Visit Our Blog