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County rejects settlement made unsecured creditors

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NATCHEZ, Miss. (AP) — The Adams County Board of Supervisors has rejected an offer of settlement made by the committee representing Natchez Regional Medical Center's unsecured creditors in the county-owned hospital's bankruptcy.

Board attorney Scott Slover tells The Natchez Democrat (http://bit.ly/1mM3NKr ) the proposal was discussed in executive session Monday because the supervisors did not want to jeopardize the county's legal strategy.

The unsecured creditor's committee represents those entities whose claims in the bankruptcy aren't secured with physical collateral or a lien against the hospital.

Slover says the plan, which would include who gets paid how much and when they are paid, is still in negotiation and includes factors such as when the sale of the hospital to Community Health Systems can close.

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Information from: The Natchez Democrat,

http://www.natchezdemocrat.com/

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