Illinois Northern coverage

Friendship Village of Schaumburg Sells Campus for $35.5M, Converts to Chapter 7 After Plan Fight

Friendship Village of Schaumburg filed chapter 11 in June 2023 after a census collapse strained roughly $131.6 million in bond debt. The senior living operator sold its campus for more than $35.5 million, but plan disputes with its bond trustee led to a September 2024 conversion to chapter 7.

Chapter 7Healthcare & life sciences

Illinois Northern coverage

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