Parent company for firm working in Guyana’s oil and gas sector files for bankruptcy in the US

Jan 05, 2023 News

Kaieteur News – RemoteMD, L.L.C, the parent company for RemoteMD Services Guyana Inc. has filed for bankruptcy in the United States. The US company was founded more than 20 years ago as a revolutionary concept in healthcare by merging technology with medicine and training, for the oil industry.

The New Orleans based company, on October 18, 2022, filed for bankruptcy in the U.S. Bankruptcy Court, the Eastern District of Louisiana (New Orleans).

According to the case summary, on October 18, last (the Petition Date) RemoteMD, L.L.C. filed an involuntary petition for relief under Chapter 11 of the United States Bankruptcy Code.

Chapter 11, of the Bankruptcy Code generally provides for reorganization, usually involving a corporation or partnership. A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time.

It was stated that the debtor’s case was assigned case no. 22-11254 and is pending before the honorable Judge John W. Kolwe in the U.S. Bankruptcy Court Louisiana Eastern District. Notably, the Debtor is being represented by The Law Firm Heller, Draper & Horn, LLC and the deadline for objecting to discharge is on March 2, 2023.