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On October 19, 2009
ERICKSON RETIREMENT COMMUNITIES SIGNS DEFINITIVE AGREEMENT TO SELL COMPANY TO REDWOOD CAPITAL INVESTMENTS
• New owner will strengthen Erickson's capital position, continue providing high-quality service and care to 23,000 existing community residents
• To pave way for company sale and establish the company for long-term success, Erickson files voluntary Chapter 11 petition to restructure debt and separate core businesses
BALTIMORE, MD (October 19, 2009)-Erickson Retirement Communities, a national manager and developer of continuing care retirement communities, today announced it has signed a definitive agreement with Redwood Capital Investments LLC, an investment company controlled by leading Baltimore businessman Jim Davis, to purchase Erickson.
source: http://weblogs.baltimoresun.com/business/hancock/blog/2009/10/erickson_retirement_sold_enter.html
Wiki User
∙ 14y ago
Wiki User
∙ 14y agoErickson has not filed for bankruptcy. The company is examining new potential sources of capital and working with its creditors to restructure its debt.
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If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.
Where is Erickson Retirement Communities located?
Erickson Retirement Communities are located all across the country. Their communities can be found in Colorado, Kansas, Maryland, Massachusetts, Michigan, New Jersey, Pennsylvania, Texas, and Virginia.
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If you are talking about a Chapter 7 bankruptcy, It takes 7 to 9 years after you can file bankruptcy again.
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No, both parties on a joint mortgage do not need to file bankruptcy. They can file a joint bankruptcy or a single bankruptcy.
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what companies did file a bankruptcy in 2005,2006 and 2007.
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No, you cannot file my cell phone bill in a bankruptcy. However, you can file YOUR cell phone bill in a bankruptcy.
Does Erickson Retirement communities employ onsight managers?
Each Erickson community has their own Independent Board of Directors and Executive Director.
Who can file for bankruptcy in Wisconsin?
Anyone who is a resident of the state can file for bankruptcy in Wisconsin. There is no restriction on who can file, only for which chapter they can file in.
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Yes, you can file with an income coming in, which chapter of bankruptcy you file depends on your income
