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Deerfield Retirement Files for Chapter 11 With Prepack Plan

Wednesday, 15 January 2014 01:40
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Deerfield Retirement Community, Inc., a nonprofit that owns a retirement community in Urbandale, Iowa, has sought bankruptcy protection by filing a Chapter 11 petition together with a prepackaged restructuring plan that will return 69 cents on the dollar to bondholders owed $40 million.

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