U.S. Bankruptcy Judge David W. Houston III wrapped up a hearing this past week. Houston told attorneys for both sides that he will rule in the case in about a month.
The city and county want $1.9 million they say is due in property taxes from the hospital.
UPS Capital and Stillwater National Bank, the bankrupt facility’s major creditors, have objected to paying the taxes, citing an exemption in state law for nonprofit hospitals.
Tri-Lakes has continued to operate during the bankruptcy proceedings.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info