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At least 16 CCRCs nationwide have filed for bankruptcy since 2020, the publication reports, with blame being placed on pandemic restrictions, labor shortages, higher wages and a rise in supply costs.
The top ten states with the greatest number of CCRCs are Pennsylvania, Ohio, California, Illinois, Florida, Texas, Kansas, Indiana, Iowa, and North Carolina—in that order. [4] Typically, seniors move into a CCRC while still living independently, with few health risks or healthcare needs, and will remain there until end of life. [6]
Rachel shared her story with Caleb Hammer on his Youtube show. ‘It counts as homelessness’: This California woman went from a homeowner to living in a trailer with $30K in debt.
Post-bankruptcy filing, CMED's liquidator found itself probing an alleged $355 million insider fraud. In March 2017, the U.S. Department of Justice criminally indicted the CMED founder and CEO, as well as the former Chief Financial Officer, charging them with securities fraud and wire fraud conspiracy for stealing more than $400 million from ...
On July 13, 2015, DonJon filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Connecticut with a debt of $32,509,549.91. Modern bankruptcy law often distinguishes reorganization , in which only some of the bankrupt's assets are taken, a repayment plan is devised and part of the debt is discharged , from ...
Nobody wants to be in a position where filing for bankruptcy is their only escape from debt, and yet, plenty of people have no other choice. 2023 was a particularly painful year in this regard ...
It filed for bankruptcy in 1996 and shuttered stores, and another bankruptcy in 1999 put the company out of business. [55] Cygnet Shops – women's fashion store that closed in 1975; DEB – closed its stores in 2015, and returned later that year as an online-only retailer selling plus-size clothing
Before Miami’s Cano Health declared Chapter 11 bankruptcy last week, the state smacked one of the healthcare company’s locations with an emergency license suspension order.