Wyoming Nursing Home Rules Out Bankruptcy


Wyoming’s largest nursing home, Shepherd of the Valley Care Center has ruled out filing for bankruptcy protection as an option to rid itself of its financial woes. As its financial problems got to crisis levels, the nursing home asked civic and business leaders and the governor’s office for help. In response, Sen. Charles Scott (R – Casper) proposed legislation that authorizes the governor to channel Medicaid funding to health care facilities going through financial turmoil. In addition, local foundations also gave assistance and advice.

The advice from various quarters included suggestions to file for Chapter 11 bankruptcy protection that would allow it to reorganize and pay off its debts while keeping creditors at bay. But the 12 members of Shepherd of the Valley did not favor the idea, neither did representatives of the four local churches in the Evangelical Lutheran Church of America even with added Medicaid funding.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Tampa Bay Bankruptcy Center, P.A. | Attorney Advertising

Written by:


Tampa Bay Bankruptcy Center, P.A. on:

Popular Topics
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.