Natchez Regional bankruptcy legislation filed - KNOE 8 News; KNOE-TV; KNOE.com |

Natchez Regional bankruptcy legislation filed

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NATCHEZ, Miss. (KNOE 8 News/AP) - The bill that will allow Natchez Regional Medical Center to file for bankruptcy has been filed with the state House of Representatives.

Sponsored by several lawmakers, House Bill 1449 is short, fewer than 170 words including its digest and section headers.

The bill was referred to the local and private legislation committee after it was filed Tuesday. It will have to pass both houses of the legislature and receive the governor's signature before the county-owned hospital can officially file for bankruptcy.

The decision by the hospital's board of trustees to file for Chapter 9 bankruptcy was announced publicly last week, when hospital officials said declines in revenue had put the hospital in a position of having $3 million more in financial liabilities than assets.

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