Consumer Law
A New York Nursing Home Cites ‘Predatory Actions’ by Its Landlord in Its Bankruptcy Filing
Epic Rehabilitation and Nursing at White Plains has filed for bankruptcy citing “predatory actions” by its landlord as the nursing home’s impetus for seeking Chapter 11 protection.
Epic declared $8.7 million in assets and $18.2 million in liabilities in a petition filed Nov. 1 in U.S. Bankruptcy Court, White Plains. More than $16.4 million in liabilities are unsecured loans from affiliated companies and owners.
Epic claims it was forced to file the case because of excessive damages sought by its landlord in a pending lawsuit, “and in order to prevent the threatened abrupt termination of its lease and ability to provide care and services to its patients.”
