Univita Homecare Solutions – A Health Care Entity Files Chapter 7
Broward health care provider, Univita Homecare Solutions LLC, filed bankruptcy following the terminating of 1,000 employees. Many people throughout South Florida have run into tough times over the last few years. Local businesses are no exception. This Broward home health care provider is the latest Broward company that needed to pay a visit to a Broward County bankruptcy lawyer for help.
Univita Homecare Solutions LLC is based in Miramar. The final straw that brought down the company was when their Florida HMO contracts were terminated. The company was forced to file a Chapter 7 bankruptcy case. To the RIGHT are some of the Health Care Operator’s locations.
Not only did the main company file a Chapter 7 bankruptcy case, but eleven of the company’s subsidiaries had to file their own Chapter 7 bankruptcy cases as well. The last month was just too much for the company to overcome. Several creditor companies have filed lawsuits claiming they are owed money.
Financial Repercussions for 1,000 Employees and Their Families
The company terminated over 1,000 employees. That led to a class action suit against the company on behalf of the employees who lost their jobs. The company had no way to survive. Univita Homecare Solutions is looking to liquidate its remaining assets. This once promising company points out how tough business times can have a huge impact on a local community.
The former employees of Univita Homecare Solutions, who lost their jobs, will surely be suffering. The employees who make their home in Broward and Miami-Dade counties might –themselves– need to turn to filing a personal bankruptcy. Local communities will lose income from lost local taxes. Not to mention well paid workers who would be spending money in their local communities is gone too. It will snowball through the region. The company ran out of options. It lost its contracts. It had no way to pay its bills, let alone address the possible liabilities in the lawsuits it was served with. A bankruptcy attorney was needed. It was the only choice the company believed it was left with in order to get out from under the burden of debt.
If you are a victim of the Univita Homecare Solutions unravelings, and you find yourself in a financial pickle with no obvious solution to solve your financial problems, consider calling and speaking with Howard Butler, a South Florida bankruptcy attorney working from his office in Broward County, FL, helping people solve their debt crisis and getting a fresh start.
Call me, Howard Butler, at (954) 797-5338