Can a Chapter 11 filing keep hospital doors open?
Quiat, A.L.; Stevens, P.E.
Trustee the Journal for Hospital Governing Boards 39(5): 19-21
1986
ISSN/ISBN: 0041-3674 PMID: 10300745 Document Number: 273583
Traditionally, a bankruptcy filing has been equated with failure: the inability of an organization and its management to 'make a go of it.' But the stigma of filing a Chapter 11 has gradually been fading since the bankruptcy code was revised. Today, a Chapter 11 can provide hospitals and other organizations with an opportunity to reorganize their operations and make a fresh and successful new beginning.