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RETIREMENT COMMUNITIES OF THE US ARE GOING BANKRUPT

... organization, including Hurricane Harvey, which hit the United States in 2017 and the Covid-19 pandemic that began in 2020. Both facts 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 announced a default on some debt obligations. Lifelong Caring Communities are also known as ‘life planning communities’ in ...

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