The trustees handling the bankruptcy of Dutch GP chain Co-Med are facing difficult dilemmas. Who is first in line: patients, employees or creditors? Assistant Professor Jessie Pool, an expert in insolvency law, calls for insolvency procedures that are better geared to this type of bankruptcy.
Last Friday, a court in Maastricht declared Co-Med bankrupt, after weeks of turmoil among employees and patients. In the end, Co-Med closed its own doors after healthcare insurers had stopped making payments to the GP chain. The result? Around 50,000 patients were affected, staff were not paid and insurers had to seek alternative medical care for patients.
Difficult task for bankruptcy trustees
The turmoil surrounding Co-Med shows how bank…
Read the full article at: https://www.miragenews.com/legislation-sought-after-co-med-bankruptcys-1273793/
