September 4, 2019·Ranson Financial·1 min read

Hillsboro’s legal bill for the bankruptcy of Hillsboro Community Hospital hit $65,339 Tuesday when council members voted to pay another $12,500 to the city’s law firm Triplett, Woolf, Garretson.

The legal battle began in January when Bank of Hays filed a petition for mortgage foreclosure against the hospital and seven co-defendants including the city and its Public Building Commission.

The city and the bank worked together to have Oklahoma-based Cohesive Healthcare Management and Consulting named receiver. In March, Cohesive filed for Chapter 11 bankruptcy protection.

Source: HILLSBORO Star-JournalRead the full story ↗

Planning a project in your community?

Talk with our municipal advisory team about financing options.

Contact us