Sharity Ministries Inc., a Christian nonprofit health-care cost-sharing service, will wind down in bankruptcy following court approval of its Chapter 11 plan.
The plan, approved at a hearing Thursday, enables a trustee to pursue legal claims against business partner Aliera Healthcare Inc. Aliera provided administrative and managerial support to Sharity, which offered health-care “sharing” programs designed to match members’ requests for eligible medical expenses with voluntary contributions.
Under the plan, members are projected to recover up to 10% on their claims for contributions and unpaid medical expenses, which are estimated to exceed $300 million.
Sharity filed Chapter 11 in ...
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