posted by Joe Polk at 8:04 PM /
A struggling senior living community in the South Hills has filed for bankruptcy, citing $48.5 million in debts.
The Covenant at South Hills Inc. on Thursday filed for protection from its creditors under Chapter 11 of the U.S. Bankruptcy Code. The center plans to remain open while it reorganizes and the filing came the day before a Common Pleas Court judge was to consider appointing a receiver to sell the Mount Lebanon facility.
Link: pittsburgh.bizjournals.com/pittsburgh/stories/2009/01/05/daily76.html
The Covenant at South Hills Inc. on Thursday filed for protection from its creditors under Chapter 11 of the U.S. Bankruptcy Code. The center plans to remain open while it reorganizes and the filing came the day before a Common Pleas Court judge was to consider appointing a receiver to sell the Mount Lebanon facility.
Link: pittsburgh.bizjournals.com/pittsburgh/stories/2009/01/05/daily76.html
Labels: bankruptcy, covenant at south hills
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