In re: First Humanics Corporation
United States Bankruptcy Court for the Western
District of Missouri, Western Division,
Case No. 89-42041-11
First Humanics Corporation was one of the largest not-for-profit
long-term care providers to ever file a chapter 11 bankruptcy
proceeding. This case involved twenty-one (21) nursing homes that
were acquired through the issuance of approximately $83,000,000
in I.R.C. § 501(c)(3) tax-exempt bonds.
Tutera worked closely with debtor's counsel to develop
and confirm a plan of reorganization which involved obtaining a
$5,000,000 super-priority priming loan for use as post-confirmation working capital and numerous modifications to the existing bond documents to maximize the return to bondholders.