Dearbornâs Henry Ford Village is operating with a business-as-usual approach while a Chapter 11 bankruptcy filing works its way through the courts.
First announced in late October, the retirement community is taking the action to reorganize its finances and to build a stronger future, officials said.
According to a release from HFV, the legal process will help them improve their debt structure and other financial burdens, and grant the flexibility needed to make capital improvements.
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Under Chapter 11, HFV can continue day-to-day operations while working toward the financial goals laid out in the filing.
The community has remained fully operational throughout the restructuring process.Â