"Given the totality of the circumstances, this was the best way to save our hospital and relieve our taxpayers of a $52 million bond guarantee."
Asked if that meant the sale of the hospital was contingent upon Hatiras receiving the lucrative severance, Zimmer said "Given the totality of the circumstances, this was the best way to save our hospital and relieve our taxpayers of a $52 million bond guarantee."
To date, we've seen insufficiently informed community involvement, a City Council that has been blocked out of the review process, and a total lack of transparency from Hoboken Mayor Dawn Zimmer's administration.
Did someone say "forensic audit"?
Hudson Healthcare, Inc. (the "Debtor" ) filed a voluntary petition under Chapter 11 of the Bankruptcy Code on August 1, 2011 in the Bankruptcy Court for the District of New Jersey (Case No. 11-33014-DHS). The Honorable Donald H. Steckroth has been assigned to the case. The Debtor estimates that it has between 1,000 and 5,000 creditors and liabilities between $10 and $50 million. This initial note provides the Debtor's list of its 20 largest unsecured creditors.
The Debtor has filed a list of the holders of the Debtor's largest unsecured claims. The list is set forth below. Bankruptcy Rule 1007(d) provides that a debtor shall file "a list containing the name, address and claim of the creditors that hold the 20 largest unsecured claims... ." Fed. R. Bankr. P. 1007(d). The list does not include: (1) persons who come within the definition of "insider"); or (2) secured creditors, unless the value of the collateral is such that the unsecured deficiency places the creditor among the holders of the largest unsecured claims.
Attn. Suzanne M. Klar, Esq.