San Jorge Children’s Hospital in San Juan filed for chapter 11 protection on Sept. 1, WorldNationNews.com reported. The organization filed its voluntary bankruptcy petition in the Federal Bankruptcy Court in Old San Juan. The solicitation document signed by CEO Edward Smith indicates that the hospital’s debt is between $10 million and $50 million. Similarly, Momentum indicates that its main creditor is the Electric Power Authority, which has a registered debt of $3,062,880, and another $133,422. It indicated that the net assets are between $10 million and $50 million, while it has identified at least 243 creditors.
