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RETIREMENT COMMUNITIES OF THE US ARE GOING BANKRUPT

... Buckingham is a Houston-based continuing care retirement community (CCRC). The organization has recently applied to court for bankruptcy protection. The petition was filed with the US Bankruptcy Court for the Southern District of Texas on June 25, 2021.... ... had an impact on the community's ability to attract new clients for campus living, as well as generate income to pay off the debt obligations and cover expenses. The total amount of debt obligations exceeded $ 140 million. What is more, the organization ...

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