U.S. Trustee Appoints HearUSA Creditors' Committee

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The United States Trustee for Region 21 announced the appointment of an Official Committee of Unsecured Creditors for the HearUSA bankruptcy in a court filing Wednesday. HearUSA, Inc. (AMEX: EAR) voluntarily filed for chapter 11 bankruptcy protection in the Southern District of Florida last week in order to complete a sale of substantially all of its assets to an affiliate of William Demant Holdings A/S (for more on the bankruptcy filing and the proposed asset sale, please see an earlier post available at http://blog.ch11cases.com/2011/05/hearusa-inc-nyse-ear-files-for-chapter.html#axzz1NRc3AbhA). The company operates a network of approximately 1,800 "hearing care provider locations," 134 of which are company-owned.

The members of the Creditors' Committee are:

* Hansaton Accoustics Inc.

* Phonak LLC

* Family Hearing Aid Center

* JKG Group

* Dalco Contingency, LLC

The U.S. Trustee has selected the representative of Hansaton Acoustics to act as the temporary chairperson for the Committee.

For access to all major pleadings filed in this case, please visit http://www.chapter11cases.com/HearUSA-Inc_c_25578.html

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Randall Reese, Restructuring Concepts LLC | Attorney Advertising

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