Filing Alert: North Star Health Alliance Chapter 11

North Star Health Alliance, Inc and its debtor affiliates⁽¹⁾, an Ogdensburg, NY-based regional healthcare system and parent company of Carthage Area Hospital and Claxton-Hepburn Medical Center, filed for Chapter 11 protection on Feb. 10 in the U.S. Bankruptcy Court for the Northern District of New York.

The company reports $500 thousand to $1 million in assets and $500 thousand to $1 million in liabilities⁽²⁾. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-60099.

⁽¹⁾ For a complete list of debtor entities, see the Chapter 11 Debtors table.
⁽²⁾ Although the lead case lists minimal liabilities, several jointly administered affiliates report liabilities of $50 million to $100 million.

Chapter 11 Debtors

Key Parties

Counsel:

• Janice B. Grubin
  Barclay Damon LLP
  Email: [email protected]

Signatories:

• Chet Truskowski – Board Chairperson

Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.

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