Item 1.03 Bankruptcy or Receivership.
On September 4, 2020, in a matter entitled Dr. Jerry Katzman v. Comprehensive
Care Corporation n/k/a/ Advanzeon Solutions, Inc. a receiver was appointed for
Advanzion Solution, Inc. ( the "Company"). The order granting the Plaintiff's
motion for appointment of a receiver was issued in the Circuit Court of the
13thJudicial Circuit in and for Hillsborough County Florida, Case number
12-002570-Division L. The name of the receiver is Burton W. Wiand.
On September 7, 2020, the Company filed a voluntary petition for relief under
Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy
Court for the Middle District of Florida, Tampa Division, Case number
8:20-bk-6764. Also, on September 7, 2020, the Company filed a Notice of Case
Under Chapter 11 of the United States Bankruptcy Code and Notice of Automatic
Stay with the Circuit Court of the 13th Judicial District in and for
Hillsborough County, Florida.
The Company will continue to operate its business as "debtor-in possession"
under the jurisdiction of the Bankruptcy Court and in accordance with the
applicable provisions of the Bankruptcy Code and the orders of the Bankruptcy
Court.
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