Monday, November 4, 2013

Interfaith Gets Another Week and a Day Before Bankruptcy Ruling

Interfaith supporters outside Bankruptcy Court. Photo: MK Metz
A Brooklyn judge agreed to extend bankruptcy proceedings for Brooklyn's Interfaith Medical Center for a week and a day, until November 13.

This may or may not give hospital supporters time to cobble together some sort of solution to its financial mess, the inevitable result of deep Medicaid and Medicare cuts. Interfaith serves Bed-Stuy and Crown Heights.

While suitors have expressed some interest in the hospital or just its clinics, Chief Bankruptcy Judge Carla E. Craig questioned where the funds would come from while a solution is worked out. “The point here is the passage of time is eroding funds available to implement the orderly closure of the hospital and pay creditors,” she said.

Tick tock.

More here.

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