A pair of Spokane (Wash.) doctors may be able to settle their $191 million bankruptcy by paying as little as $130,000 to be split among more than 8,000 creditors, the Seattle Spokesman-Review reported. Attorney John Munding, who was appointed as trustee in the case, proposed the settlement earlier this month in a bid to resolve the chapter 7 bankruptcy filed by Drs. Debra and Sajid Ravasia. Along with a list of conditions, the Ravasias could settle the case by either transferring $175,000 from a deferred compensation account or coming up with $130,000 in cash. The Ravasias jointly filed for bankruptcy in January based on the failed companies run by Debra Ravasia, a gynecologist, who up until last year was the executive director of the Northwest Health Summit and Ajuva Spa. The bankruptcy filing generated scores of complaints from former clients who questioned the billing practices of the businesses run by Debra Ravasia. Sajid Ravasia is a psychiatrist at Providence Sacred Heart Medical Center.
