Recent Noteworthy Securitization Case
In re Doctors Hospital of Hyde Park, Inc. 2013 WL 5524696 (Bankr. N.D. Ill. 2013)
On October 4, 2013, a Chicago bankruptcy court judge decided a case which establishes favorable precedent for the securitization market. In In re Doctors Hospital of Hyde Park, Inc., 2013 WL 5524696 (Bankr. N.D. Ill. 2013), Judge Jack B. Schmetterer upheld the structure of a healthcare receivables securitization against a challenge by the originator/debtor, validating the separate existence of the special purpose entity and the true sale of receivables to the special purpose entity.