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


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.

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