Owners of The Craig and The Canyons Retirement Communities Files for Chapter-11

By Aaron Langston

Published 06/24 2014 04:51PM

Updated 06/24 2014 08:53PM

AMARILLO -- The parent company of two Amarillo nursing homes has filed for bankruptcy.

Sears Methodist Retirement Systems Incorporated board of directors decided it was necessary to file for Chapter-11 last month and filed the paperwork on the tenth of this month.

Court documents show that the company has more than a $100-Million in liabilities.

They operate 11 nursing homes in eight Texas cities.

Copyright 2016 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Featured Coupon


Featured Business