Michigan Senior Living Facility Struck by Virus Files Bankruptcy

The Henry Ford Village, a continuing care retirement community in Dearborn, Michigan that suffered at least 26 deaths because of the Covid-19 pandemic, has filed bankruptcy.

The non-profit, which has about $50 million outstanding municipal bond debt, reported assets of $50 million to $100 million and liabilities of $100 million to $500 million, according to a filing in the U.S. Bankruptcy Court for the Eastern District of Michigan. On Oct. 22, the 1,038-bed facility was ordered to pay $800,000, or 20% of its available cash, within seven days to settle a class action lawsuit.

“We are confident that a restructuring ...