The widespread economic impact of COVID-19 has touched all industries, including addiction treatment and behavioral health providers. Cash flow interruptions have caused some providers to consider their options, including bankruptcy and restructuring. Recently American Addiction Centers (AAC), a publicly traded provider, filed for Chapter 11 bankruptcy protection. AAC acknowledged that, prior to COVID, the company was attempting to address its debt levels. However, the stay-at-home orders which many governments entered reduced inpatient admissions and outpatient visits, which prevented AAC from making debt payment.
The information provided on this website is for informational purposes only and is intended as a public service. Any questions of a legal nature should be directed to an attorney, and the information on this website is not intended to replace legal advice from a licensed attorney in your state. By using this website, you acknowledge that you may not rely upon or refer to the contents as being legal advice or guidance provided by BMU Law, without its prior written consent.
(305) 349-3930 (MIAMI-DADE) (954) 784-3298 (BROWARD) (561)-549-9036 (PALM BEACH) (561) 549-9036 (TREASURE COAST)
Call Us 24/7 and Schedule a Consultation 
