Maxicare Health Plans Inc.
Maxicare Health Plans Inc.
The United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. in Santa Ana has approved confirmation of the Maxicare Health Plans Inc. reorganization plan A scheme authorized by federal law and promulgated by the president whereby he or she alters the structure of federal agencies to promote government efficiency and economy through a transfer, consolidation, coordination, authorization, or abolition of functions. , enabling the company to clear a major hurdle in its financial turnaround. The plan calls for creditors and shareholders to receive cash of approximately $129.3 million, fron 10-year, 13.5 percent notes for a face value amount of $67 million as well as common stock and warrants. Maxicare Health Plans is based in Los Angeles.
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