The owners of a pair of senior living facilities in Allen County have filed for bankruptcy.
Papers filed by Dimensions in Senior Living LLC, which owns Greystone Residential Care in Iola and Arrowood Lane Residential Care in Humboldt, cited debts totaling more than $4.2 million in filing for Chapter 11 protection in U.S. Bankruptcy Court in Nebraska.
Dimensions owns a series of senior living and assisted living facilities in Nebraska, Iowa, Missouri and Kansas.
The two local facilities are among six such homes listed in the filing. As an aside, the debts listed by Greystone and Arrowood, roughly $14,500 and $14,800, respectively, are a pittance compared to those from their sister companies.
Village Place Senior Apartments and Village Ridge Assisted Living owe roughly $660,000 combined, while Candlelight Lodge in Columbia, Mo., is carrying $952,000 in debt. The largest single debtor is Autumn Pointe of Fort Calhoun, Neb., which owes $2.4 million.
What the filing means for the local entities is not clear. Repeated calls to both, as well as to Dimensions headquarters and the attorney for the company, have not been returned.
A hearing for the companies’ creditors to state their claims is scheduled for January.
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