Atlantic Neurosurgical Specialists, P.A., founded in 1958 as the largest private neurosurgical practice in New Jersey, filed for Chapter 11 protection along with affiliates ANS Newco, LLC and Hanover Hills Surgery Center LLC on June 5-July 12, 2024 in the District of New Jersey (Case Nos. 24-15726, 24-15727, 24-16995) before Judge Vincent F. Papalia. The filings followed a financing-and-governance dispute rooted in Lorient Capital's 2017 acquisition of a 40% interest in ANS Continuum for approximately $33 million funded by a $35 million KeyBank loan, compounded by the debtors' cessation of management fee payments in October 2022 and the cessation of all patient services on December 15, 2023. KeyBank filed for receivership in April 2024, asserting approximately $29.3 million in secured claims against Hanover Hills and $20 million in accrued management fees. The Hanover Hills Surgery Center assets were sold to AOP Holdings, LLC for $3 million under a 363 sale approved October 18, 2024. The Joint Plan of Liquidation was confirmed on February 26, 2025 and became effective March 24, 2025. ANS general unsecured creditors receive a capped 10% distribution (max $200K aggregate); Hanover Hills GUC receives a capped 10% (max $15K aggregate).