Kentucky Hospital Files Chapter 7 Bankruptcy – Devastating News for Area Residents

Written by CFB Blogger. Posted in Blog

Nicholas County Critical Access Hospital, a nearly 20-bed facility run by Johnson Mathers Health Care and employer to more than 80 people, has recently filed for Chapter 7 bankruptcy. The decision also affects the walk-in Rural Health Clinic, which is owned and operated by the hospital. The Johnson Mathers Nursing Home, a skilled nursing facility that houses more than 100 residents and is no longer affiliated with JMHC will remain open. In a report for www.kyforward.com by Kristy Robinson Horine, “Mike Pryor, the Nicholas County judge-executive, says the city and county are optimistic and have already had contact with other providers who want to come in and take a look at the existing facilities to see what they can do to bring some level of care to the community. Usually, in a Chapter 7 bankruptcy, even for 501 (c) 3 nonprofits such as the Nicholas County Hospital, all assets are liquidated to pay off creditors. In the case of the current hospital, the county owns the building and the grounds, so there can be no security interest there. Liquidation would only affect the materials and equipment inside the hospital corporation itself. Regardless of the eventual outcome of this unfortunate occurrence, the closing of the hospital in this rural area of the country will have vast and probably deleterious outcomes for the 197-square mile county and the 7,000 who reside there, as well as for those who live and work just outside of that area. From the same article, “’The fiscal court and the city are working, along with everyone else, to get the advice we need to bring something up out of the ashes to serve the people of Nicholas County. Somehow, some way, we’re going to make this work at a level to keep our people safe.’” If you are facing piles of unpaid credit card bills, medical bills and deficiencies on foreclosed mortgages or repossessed cars due to long-term unemployment, filing for Chapter 7 or Chapter 13 personal bankruptcy with a Client First Bankruptcy attorney at your side may be the key to your financial freedom. For your free initial phone consultation, please call us at 800-383-6004 Monday-Friday from 8:30 a.m. – 6:00 p.m. Central Time. For up-to-date information on filing your personal bankruptcy, you can log onto www.clientfirstbankruptcy.com anytime. We have helped thousands of clients discharge their debt; we may be able to help you too. Stop struggling with bills; and start living debt-free. What are you waiting for? Call us now!

• Continue Reading

Mississippi County Clerk Candidates Have History of Bankruptcy – So?

Written by CFB Blogger. Posted in Blog

Two of the three candidates who are running for Madison County Chancery Clerk have previously filed Chapter 7 bankruptcy. Candidates David Overby and Irby Ford both indicated that their bankruptcy occurred due to health issues, a leading cause of bankruptcy filings across the country. Madison, Mississippi, attorney Matthew Gilmer, who brought up the bankruptcies at a meeting of the local Bar Association, stated in an article by Michael Simmon in the Madison County Journal, “’I…think the Madison County Judiciary, the citizens of Madison County, and my clients are entitled to know whether or not the treasurer of the county has been previously adjudicated a bankrupt.’” He added, “’Further, I merely posed a question about the bankruptcy history of all three candidates and if that history would hinder candidates’ ability to manage the $70 million registry of the chancery court and Madison County.’” Mr. Overby filed for bankruptcy in 1998, listing liabilities of $88,140, according to court documents. He stated that his former wife had suffered from mental illness, which severely threatened their finances. He also stated that he worked three jobs in an effort to repay creditors. Mr. Ford filed his Chapter 7 bankruptcy in June 2005. He and his wife listed liabilities of $540,002 including $150,000 for a laundromat that they owned. Debts included tens of thousands of dollars in medical bills, mortgages of over $200,000, vehicle payments of almost $30,000 and credit card debt of over $3,000. Following the announcement of the bankruptcies, Overby criticized his opponent Lott for playing nasty politics, the newspaper account reported. Fortunately, there has been a marked decline in the stigma attached to filing bankruptcy; some of the “best and brightest”, “rich and famous” as well as “the average Joe” file bankruptcy to help them make a new financial start after dealing with bad luck or the bad economy. The attorneys at Client First Bankruptcy will be happy to discuss your questions about filing your Chapter 7 or Chapter 13 bankruptcy. If you have insurmountable debt due to the difficult economy, unemployment or overwhelming medical debt, take control of your future. For experienced and knowledgeable personal bankruptcy assistance, trust the attorneys from Client First Bankruptcy; we have helped thousands of satisfied clients discharge their overwhelming and debilitating debt. For your free initial consultation, please call 800-383-6004 from 8:30 a.m. to 6:00 p.m. Central Time and log onto our new, interactive website at www.clientfirstbankruptcy.com anytime.

• Continue Reading