Thomas Health interim access to cash collateral extended to March 27

By Caroline Salls

Pittsburgh, March 10 – Thomas Health System, Inc.’s interim access the cash collateral of its bond trustee has been extended to March 27, according to an order filed Monday with the U.S. Bankruptcy Court for the Southern District of West Virginia.

The final hearing is scheduled for March 19.

According to Monday’s order, the additional time will allow the official committee of unsecured creditors to review and file objections to the proposed final order and allow the company and the bond trustee to file replies to those objections.

The bond trustee and the committee agreed to the extension.

The cash collateral is being used to fund Thomas Health’s operations while in bankruptcy.

Thomas Health is a South Charleston, W.Va.-based health care provider. It filed bankruptcy on Jan. 10 under Chapter 11 case number 20-20007.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.