Bankruptcy Alert: Bio Force Nanosciences, Inc. Files For Chapter 11

• Debtor Name:  Bio Force Nanosciences, Inc.
• Year Filed:  2011
• Jurisdiction:  United States Bankruptcy Court / Southern District of Iowa
• Asset Size:  Less than 10,000,000
• Case Number:  11-04906
• Industry:  Pharmaceutical/Biotech

The Ames, Iowa-based Debtor develops products and solutions by integrating biological and mechanical systems at the ultramicro and nano scales for the biomedical and life sciences industries.

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Bankruptcy Alert: Nevada Cancer Institute Files For Chapter 11

• Debtor Name:  Nevada Cancer Institute, a Nevada nonprofit corporation
• Year Filed:  2011
• Jurisdiction:  United States Bankruptcy Court / District of Nevada
• Asset Size:  10,000,000 to 100,000,000
• Case Number:  11-28676
• Industry:  Health

The Las Vegas-based Debtor maintains a outpatient cancer treatment and research facility. 

Bank of America, N.A. (Agent for Lenders) is listed as the largest creditor with an approximate  unliquidated $60 million bank loan claim.

Health-Related Chapter 11 Cases in 2011: Steady

In 2011, there have been 405 health-related Chapter 11 cases as of October 20.   This compares to 395 during the same period in 2010.  Please note that these numbers do not include Chapter 11 cases filed by individuals.  Additionally, they do not include any Chapter 7 cases.

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Chapter 9 Alert: Barnwell County Hospital Files For Bankruptcy

• Debtor Name:  Barnwell County Hospital
• Year Filed:  2011
• Jurisdiction:  United States Bankruptcy Court / District of South Carolina
• Asset Size:  Less than 10,000,000
• Case Number:  11-06207
• Industry:  Chapter 9 Proceeding, Government, Health, Hospital

There have been 46 hospital chapter 9 or 11 filings since January 1, 2010.

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