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Posted: Saturday, 02 March 2013 3:19PM

Pratt Hospice to Have Bankruptcy Plan Soon



      PRATT, Kan.  - An attorney for a Pratt-based hospice that serves 10 south-central Kansas counties says the nonprofit group plans to file a bankruptcy reorganization plan soon.
     The South Wind Hospice filed for protection in November after it defaulted on bond payments for a new hospice built in Pratt in 2005. It still owes about $1.9 million on the $3 million project.
     Attorney Edward Nazar says the organization plans to get financing from a lender, which will be used to make a payment to bondholders. He says it will be less than the amount of the bonds, but calls it a "significant amount." He also says the plan includes satisfying tax liens and making lump-sum payments to unsecured creditors.
     The Hutchinson News reports  the hospice employs 36 people.

AP News
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Locations : Central KansasKansasPratt
People : Edward Nazar
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03/02/2013 3:27PM
Pratt Hospice to Have Bankruptcy Plan Soon
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