Fairmont General submits bankruptcy plan to judge, estimates $10 million available for debts

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FAIRMONT, West Virginia — Fairmont General Hospital estimates it will have about $10 million in assets to distribute to creditors.

The Dominion Post (http://bit.ly/1C1GPf3 ) reports that the hospital submitted its bankruptcy plan and a liquidation analysis to a bankruptcy judge and creditors last week. The plan estimates that about $1 million will be available for unsecured claims once expenses and the first grouping of debts are paid.

The hospital filed for Chapter 11 bankruptcy in 2013.

The U.S. Bankruptcy Court in Wheeling approved the hospital's sale to Alecto Healthcare Services in June 2014. The hospital is now called Farimont Regional Medical Center.

The Bankruptcy Court and creditors must approve the hospital's bankruptcy plan.


Information from: The Dominion Post, http://www.dominionpost.com

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