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Can a Chapter 11 filing keep hospital doors open?
Trustee : the Journal for Hospital Governing Boards
|April 10, 1986
Abstract:
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.
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