In re: South Park Care Associates, Inc.
United States Bankruptcy Court for the Western
District of Missouri, Western Division,
Case No. 94-42992-11
South Park Care Center is a 178 licensed bed skilled nursing
facility located in Kansas City, Missouri for which Tutera acted
as the debtor’s post-petition manager and debtor in possession
lender in the total amount of $250,000. Tutera, with the support
of LTC Properties, Inc. and the Official Unsecured Creditors'
Committee, proposed and confirmed a plan of reorganization in
whereby a newly formed limited partnership
(whose general partner
is a limited liability company wholly owned
by Tutera and whose
limited partners are the debtor's unsecured
creditors) purchased this
project through the assumption of
various secured debts pursuant to
11 U.S.C. § 363(f) and Tutera
is currently operating the facility for the
limited partnership.