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. Wait for it. So CPE 88988. Yeah, that is really the name. Why such a weird name? (01:28–01:38)
CLAIM
Asserts that the private equity firm is trying to eliminate debts owed to injured seniors.
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