When a health care facility files for bankruptcy and closes, a _____ is appointed to make decisions for the bankrupt health care provider.

Question

Quizplus · Accepted Answer

When a health care facility files for bankruptcy and closes, a case trustee is appointed to oversee and make decisions for the bankrupt health care provider. They are responsible for managing the assets and liabilities of the facility and distributing funds to creditors. Federal agencies may be involved in oversight or regulation of the bankruptcy process, but they do not typically appoint a trustee. Licensing authorities and third-party payers may have an interest in the bankruptcy proceedings, but they do not have the legal authority to make decisions for the bankrupt provider.

When a Health Care Facility Files for Bankruptcy and Closes