DVI Starts Cutting Employees---Actual Filings
“DVI reportedly let go 40% of the workforce across the board on Wednesday,
and 15% on Thursday. The word is that there may be another list in the morning (Friday).
“You probably already have this... but I wanted to let you know as soon as I heard...”
( name with held )
While the Chapter 11 plans calls for “working capital” and management
of the portfolio, insider sources report that once the irregularities are documented,
the company may not survive and be forced into Chapter 7. It appears the
knee jerk reaction to let go employees will not only affect sales but portfolio
Please see the List to learn how many have made it in leasing after filing Chapter 11:
Here are the actual filings of DVI from the courts:
Bankruptcy Filing District of Delaware
Order for wages, commissions, benefits, etc.
List of top 20 Creditors (US Bank, St.Paul,Mn $155M; Canadian Imperial
Bank , Bahamas, $12.7M: Toshiba America Medical Systems, Chicago, $7.9M
Motion of Joint Administration
Motion to Extend to Nov 28th.
OnCure Motion for Loan Proceeds