It is not a secret that the long term care and senior housing industry continues to experience significant financial distress due to, among other things, the lingering effects of the COVID-19 pandemic and rising interest...more
Loan defaults and financial distress among long term care (LTC) facilities, such as skilled nursing facilities (SNFs), assisted living facilities (ALFs) and memory care facilities, are on the rise. The COVID-19 pandemic has...more
2/3/2023
/ Assisted Living Facilities (ALFs) ,
Coronavirus/COVID-19 ,
Creditors ,
Default ,
Financial Distress ,
Financial Services Industry ,
Healthcare ,
Loans ,
Long Term Care Facilities ,
Long-Term Care ,
Nursing Homes ,
Skilled Nursing Facility
At the end of 2020, Congress enacted the Consolidated Appropriations Act, 2021, partially in response to the COVID-19 pandemic and resulting economic crisis. While funding the federal government and preventing a government...more
4/1/2021
/ Amended Regulation ,
Bankruptcy Code ,
Bankruptcy Court ,
Commercial Property Owners ,
Commercial Tenants ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Debtors ,
Landlords ,
Relief Measures ,
Rent ,
Rental Property ,
Small Business ,
State and Local Government ,
Tenants ,
Time Extensions
Small businesses often struggle to reorganize in bankruptcy. To address this issue, Congress passed the Small Business Reorganization Act of 2019. The act took effect in February 2020 and makes small business bankruptcies...more