U.S. care homes firm Chatsworth files for bankruptcy

http://www.reuters.com/article/2013/09/19/us-pgaproperties-bankruptcy-idUSBRE98I05M20130919


U.S. firm Chatsworth PGA Properties LLC, which provides assisted living services for the elderly, has filed for Chapter 11 bankruptcy protection in a court filing on Thursday.
Chatsworth, which also offers nursing and dementia care, listed estimated liabilities of between $100-$500 million and assets of up to $10 million, according to the court document.
Chatsworth commenced Chapter 11 proceedings along with three of its affiliated entities.
The case is in re Chatsworth PGA Properties LLC, Case No. 13-12457, U.S. Bankruptcy Court, District of Delaware.
(Reporting by Sakthi Prasad in Bangalore; Editing by Greg Mahlich)