Illinois Senior Living Operator Files Bankruptcy

Lutheran Life Communities, which operates three continuing care communities in Illinois and one in Indiana, filed for bankruptcy on Feb. 4.

• Lutheran Life listed assets and liabilities between $100m and $500m, according to Chapter 11 filing
• Non-profit has $163m of outstanding municipal debt, according to data compiled by Bloomberg
• Related Story: Illinois Senior-Living Default Spurs Bondholders to Hire Adviser
• The case is Lutheran Home and Services for the Aged, Inc., number 25-01705, in the US Bankruptcy Court for the Northern District of Illinois Eastern Division

To contact the reporter on this story:
Martin Z. Braun in New York at ...