Gulf Coast Health Care LLC said it plans to provide at least $11.5 million to unsecured creditors in its bankruptcy, up from the $10 million minimum it earlier envisioned in its chapter 11 proceedings, MarketWatch.com reported. The nursing home company said early Wednesday, during the first day of a hearing to get its liquidation plan approved, that it had an agreement in principle to boost recoveries for unsecured creditors. Those creditors include people who have filed personal injury or wrongful death lawsuits against the business. Lawyers for those plaintiffs, however, continued to question company representatives who testified, including about legal immunity that will be provided for individuals or entities that themselves aren't in bankruptcy.
