The Louisiana, United States offshore medical provider, RemoteMD LLC, has filed for bankruptcy in the US leaving companies here wondering how they will recover in excess of $100m for services that they were subcontracted to provide for oil and gas workers.
RemoteMD LLC filed for bankruptcy on the 18th of October last year and has asked the Eastern District of Louisiana Court to grant it Chapter 11 privileges to reorganize and keep its business alive. But without the existence of similar legislative privileges in Guyana, local creditors are unsure how they will be able to recoup their debts as they are equally unsure what assets RemoteMD LLC possesses in Guyana.
