El Paso Children’s creditor request to drop plan exclusivity withdrawn

By Mark Reccek

Bethlehem, Pa., Oct. 6 – El Paso Children’s Hospital Corp. creditor El Paso County Hospital District’s, which does business as University Medical Center of El Paso (UMC), request to terminate the children’s hospital’s exclusive periods for filing and soliciting votes on a Chapter 11 plan was withdrawn, according to a notice filed Tuesday with the U.S. Bankruptcy Court for the Western District of Texas.

As previously reported, UMC requested the termination because it said the Chapter 11 plan is unconfirmable.

“Maintaining exclusivity will leave the children’s hospital no closer to a successful reorganization in 60 days,” a previous court filing said. “Indeed, the debtor will have accomplished nothing but more delay, a substantial increase in professional fees and pushing the children’s hospital that much closer to the brink of total failure and closure. Accordingly, exclusivity should be terminated.”

Based in El Paso, El Paso Children’s Hospital provides pediatric patient care, research and education services. The hospital filed for bankruptcy on May 19 under Chapter 11 case number 15-30784.

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