Retirement Community Files Chapter 11 Bankruptcy
According to an article in the Star-Telegram, the Erickson Retirement Communities have filed for Chapter 11 bankruptcy and has agreed to be purchased by Redwood Capital Investments LLC.
The article said:
“Erickson spokesman Mel Tansill says the bankruptcy filing in Dallas and the agreement with Redwood took place on Monday. He says Erickson must restructure its debt to complete the sale.
Tansill says Erickson will also reorganize by …
Tags: Chapter 11 Title 11 United States Code Erickson Retirement Communities
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