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Elizabeth Warren: “The PE firm is now trying to abuse the bankruptcy process.”

Featuring: Elizabeth Warren, Democratic | U.S. Senate, Massachusetts

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Private equity's latest victim? Your grandma's nursing home.

Published | Video Starts at 01:23

But that isn't where this story ends. Look, when you declare bankruptcy, you're given a fresh start. If you're in debt, that debt can be wiped away. The PE firm is now trying to abuse the bankruptcy process. They're trying to erase what they owe to the seniors they neglected and injured at Genesis Nursing Homes. And they're trying to sell Genesis to a new owner, a company called. (01:23–01:29)

CLAIM

Asserts that the private equity firm is attempting to misuse the bankruptcy process.

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