Change Healthcare Inc. (NASDAQ:CHNG)

Item 1.03 Bankruptcy or Receivership.

As previously disclosed on the Current Report on Form 8-K filed on February 14, 2013, with the Securities and Exchange Commission (the “SEC”), on February 8, 2013, an Involuntary Petition for bankruptcy (the “Petition”), entitled In re China Natural Gas, Inc. (Case No. 13-10419), was filed against China Natural Gas, Inc. (the "Company") by three alleged creditors of the Company, namely Abax Lotus Ltd., Abax Nai Xin A Ltd., and Lake Street Fund LP (the “Petitioners”). The Petition was filed in the United States Bankruptcy Court, Southern District of New York. The Petitioners have claimed in the Involuntary Petition that they have debts totaling $42,218,956.88 as a result of the Company’s failure to make payments on the 5% Guaranteed Senior Notes issued in 2008.

On June 24, 2013, the Company’s Board of Directors approved the consent to the entry of an Order for Relief in response to the Petition, which in effect, would allow for the entry of an Order for Relief under Chapter 11 of Title 11 of the U.S. Code.

On June 26, 2013, the Company filed the consent to the entry of an Order for Relief in the United States Bankruptcy Court for the Southern District of New York.