No concerns voiced by NRMC creditors

Published 12:00 am Thursday, March 19, 2009

NATCHEZ — On Wednesday afternoon, a bankruptcy hearing for Natchez Regional Medical Center was canceled — and that’s a good thing.

Hospital CEO Scott Phillips said the hearing, which was an opportunity for any of the hospital’s creditors to voice concern over the bankruptcy, was not attended by any complaining creditors.

Phillips said no one showed up at all.

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“It’s a good sign,” he said.

And Wednesday’s hearing was nothing new.

Phillips said, of the three such hearings the hospital has had so far, none have been attended by any parties with any objections to the hospital’s bankruptcy plans.

“This is very unique in my experience,” Phillips said. “There are usually lots of angry creditors.”

Phillips said in previous bankruptcy filings he has worked on, it’s normal for those owed money to voice some objection to the bankruptcy party’s plan for restructuring.

“The bankruptcy is moving along without a hitch,” he said. “It’s almost a non-event.”

Phillips said he believes since the hospital’s bankruptcy plan calls for each party owed money to be paid in full, none have had any objections.

The hospital filed Chapter 9 bankruptcy in February as a means to restructure the hospital’s debts and prepare the hospital for sale.