NYC's St. Vincent's Files Ch. 11 Amid Closures

Law360, New York (April 15, 2010, 5:40 PM EDT) -- A bankruptcy judge on Thursday allowed Saint Vincent's Catholic Medical Centers, operator of the 160-year old hospital in New York's Greenwich Village, to continue paying employees, one day after it filed for Chapter 11 protection with more than $1 billion in debts.

The hospital on Thursday received approval on an interim basis from Judge Cecelia G. Morris of the U.S. Bankruptcy Court for the Southern District of New York for several of its first-day motions, including authorization for payment of employee wages and benefits and approval...
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