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21st Century Bankruptcy Objection Filed

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Bonafide Business Associates filed with the U.S. Bankruptcy Court an objection to 21st Century Oncology Holdings’ schedule of assumed executory contracts and unexpired leases included in the Company’s Plan Supplement.

The objection asserts, “Bonafide would very much like its Lease to be assumed consistent with the Debtors’ Plan. The default zero-dollar cure proposal for nearly all of the Debtors’ contracts and leases is inconsistent with both the uncured pre-petition defaults and the Proofs of Claim previously filed in these cases, and there appears to have been no attempt to reconcile actual cure amounts prior to filing the Assumption Schedule. The Bonafide Lease provides the Leasee shall indemnify and hold harmless the Lessor for any legal proceedings. With respect to the assumption of Bonafide’s Lease, Bonafide is owed a moderate amount of attorneys’ fees for its representation in this matter and the Debtors must indemnify those amounts as part of any cure prior to assumption.”

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