Bankruptcy Trustee Questions Children’s Hiring of Investment Banking Firm

A bankruptcy trustee is raising questions about how El Paso Children’s Hospital wants to spend money, according to court documents obtained by ABC-7.

In recent weeks, both the county and University Medical Center have complained about Children’s expenses during bankruptcy.

Trustee Judy Robbins is objecting to Children’s hiring of New York investment banking firm Miller Buckfire & Co.

Children’s says the firm will help it find a third-party to buy or affiliate with the hospital.

Robbins said it’s unclear if Miller Buckfire will also provide financial advise. She also questioned why it needs to be paid $50,000 per month, in addition to other fees.

The trustee is asking the judge to deny Children’s request, unless the hospital provides more answers.