Bankruptcy

Former nursing home leaders still on the hook for $2.25 million following bankruptcy

Former nursing home leaders still on the hook for $2.25 million following bankruptcy

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On the heels of a Florida court decision that puts a nursing home unlikely to emerge unscathed from bankruptcy, a federal appeals court has ruled former officers and directors of a different nursing home are still liable for $2.25 million in compensatory damages.

Court: Residents' 'immediate jeopardy' outweighs bankruptcy considerations, so provider license may be revoked after all

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Florida's Agency for Health Care Administration can continue to try to revoke a nursing home's operating license, despite the facility declaring bankruptcy, a federal bankruptcy court has ruled.

Former nursing home executive convicted of embezzlement agrees to $1.2 million settlement in bankruptcy court

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A nursing home executive convicted of embezzling millions of dollars from publicly financed facilities has agreed to pay $1.2 million to the federal government to settle claims, through a deal worked out in U.S. Bankruptcy Court.

Ask the legal expert ... about loan defaults and negotiations

Ask the legal expert ... about loan defaults and negotiations

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Our facility is encountering financial difficulties. What do we need to keep in mind about the legal implications of defaults under our loan documents and negotiating with our lender?

Re-invent communities

Re-invent communities

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Every product or community goes through a life cycle that includes these stages: Development, Growth, Maturity, Saturation and Death. At Maturity, a product/community begins to become irrelevant, outdated and no longer competitive due to changing consumer demands.

Facilities' bankruptcy filing marks latest twist in Connecticut nursing home strike

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The five Connecticut nursing homes involved in a high-profile workers strike filed for Chapter 11 bankruptcy Monday, citing monthly losses from contracts with union workers.

Sunrise Senior Living turnaround chief plots new course as company and its acquirer record positive 3rd quarter results

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Mark Ordan, the CEO who has directed Sunrise Senior Living's recovery from near bankruptcy in 2009, will remain as CEO of the company for up to a year after the close of the company's sale to Health Care REIT.

Gingrich announces his presidential candidacy for 2012

Former Speaker of the House Newt Gingrich (R-GA) announced Monday on Facebook and Twitter that he is running for president in 2012 as a Republican, challenging President Barack Obama. This makes him the most recognizable Republican to officially enter the race.