Paychecks delayed for Steward Health Care employees in Massachusetts after bankruptcy filing [Video]

Paychecks for Steward Health Care employees were delayed Thursday due to a “processing error,” according to the company, which filed for bankruptcy earlier this week. The Texas-based company that is the third largest hospital system in Massachusetts and one of the state’s largest employers, declared bankruptcy on Monday, seeking legal protection to restructure its debt while leaving its hospitals open. Multiple Steward employees said early Thursday that they did not receive their paychecks and shared a message from Steward Health Care President Mark Rich that blames the delay on a “processing error within the Bank of America system.””We followed all of Bank of America’s procedures following the Chapter 11 filing and were assured by them that this would not happen,” Rich said in the message that was sent just after 8 a.m.Rich said payroll and benefits for all team members have been funded and will begin to show in employees’ …