A federal court is expected to approve the bankruptcy plan for Natchez Regional Medical Center.The Natchez Democratic reports Judge Neil P. Olack will preside over the bankruptcy hearing Monday.
Natchez Regional filed a Chapter 9 bankruptcy in March after months of attempting to find a buyer for the county-owned hospital.
Earlier this month, Community Health Systems, based in Franklin, Tennessee, purchased the hospital, pending approval of the bankruptcy court.
The bankruptcy attorneys and creditors have agreed upon a plan that must be confirmed by the judge for the proceeding to move forward.The plan includes a two-year payback of unsecured creditors. |
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