Oklahoma hospitals run to bankruptcy lawyer. The economy has hit everyone hard. Hospitals are no exception. Rural hospitals in Oklahoma have really felt the pinch. Seven rural hospitals in Oklahoma had to file for bankruptcy protection within the last five years. The latest hospital who needed the help of a bankruptcy attorney is Craig General Hospital. The hospital filed a Chapter 9 bankruptcy on February 25th. The hospital was opened in 1963. It has 62 beds for patients and employs 330 people. Several factors forced the hospital to turn to a bankruptcy lawyer to address financial woes. The hospital was forced into a mandotory remodeling of the facility. Also, the hospital owes about $3 million to the public retirement system. Another big problem facing the hospital is an issue facing hospitals all over the country. Even here in South Florida. Medicare and Medicaid have been slashing the amounts in reimbursement hospitals receive for providing care. Added all together it left the hospital with no choice. A bankruptcy attorney was badly needed to save the facility. The Chapter 9 bankruptcy filing will allow the hospital to reorganize its debt. It could also reduce some of the debt. This will also allow the hospital to remain open. The services provided are critical to this rural community. For some, it is the only health care available in the area. The jobs the hospital provides are also very important in the community. Job opportunities are hard to come by anywhere now. In rural areas, it is even tougher. The bankruptcy lawyers in this case are being counted on. The bankruptcy filing is the only way the hospital can stay afloat. If you are facing tough financial problems, take a page from this hospital. Speak to a bankruptcy lawyer. Find out your options. A fresh start could be waiting for you as well.
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