The hospital is about $16 million in debt. “The position we are in with our creditors and many of our vendors, we owe so much money, my fear is that they may garnish our account and we won’t be able to make payroll,” hospital CEO Traci Walker told KXII.
Hospital officials have paid a lawyer to prepare the bankruptcy documents while they decide whether filing for bankruptcy is the best option.
A hospital about 45 miles away in McAlester, Okla., has offered ACMC financial assistance and advice on how to reorganize, but Ms. Walker told KXII she doesn’t want to borrow more money.
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