East Coast Hospital Files For Bankruptcy

Following a patient safety investigation of Saint Catherine Medical Center, owner Saint Catherine’s Hospital of Pennsylvania filed for Chapter 11 bankruptcy in April 2012, the Republican Herald reported. The PA state health department in March 2012 conducted a visit to the Ashland, PA healthcare facility and discovered patient safety violations, including a lack of needles, syringes, […]

Business Bankruptcy

In late February 2012, bankrupt Peninsula Hospital in Queens, N.Y., closed down much of its 173-bed facility after NY state health officials ordered it to shut its lab, citing patient safety danger.  Since lab services were intertwined with the hospital’s operations, Peninsula Hospital transferred and discharged its inpatients and canceled surgeries, according to Crain’s New York. The […]

How Bankruptcy Affects A Credit Report

After a bankruptcy discharge from the court, the debt discharged will no longer exist and a debtor gets to keep any cash or assets acquired after discharge.  A creditor will not be able to go after a debtor for the discharged debt. A debtor can get back in financial shape by controlling impulses to overspend, […]