Atoka (Okla.) Area Medical Centers board voted Tuesday to filedeclare insolvency, according to a KXII information recordreport.
The essential access health center is concerning $16 million in financial debtin the red and also started exploring filing for personal bankruptcy in very early December. The placement we remain in with our lenders and also numerous of our suppliers, we owe so much money, my worry is that they may garnish our account as well as we wont have the ability to make payroll, hospital Chief Executive Officer Traci Pedestrian informed KXII in December.
Health center authorities paid a legal representative to prepare the bankruptcy records last month while they determined whether filing for insolvency was the finestthe very best option. The hospital board voted Tuesday to submit the records.
Inning accordance with KXII, Atoka County Medical Center officials are examining proposals from outside organizations that want helping the health center reclaim its monetary ground.
crucial gain access to health center is regarding $16 million in debt and began checking out declaring for bankruptcy in early December. Health center authorities paid a lawyer to prepare the personal bankruptcy papers last month while they decided whether declaring for insolvency was the ideal choice.
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