A nursing home owner collecting a paycheck of $34,000 per month and driving a company-leased porsche filed for bankruptcy at one of his nursing home facilities. The co-owner along with his partner, who also drove a porsche leased by the company filed after the facility received a poor facility inspection.
The nursing home lost its Medicare and Medicaid funding and 40 of its 43 patients in the process. The issue one attorney has with the bankruptcy filing is that there are still other chains open and the co-owners can continue to manage and collect from those homes. The co-owners owe more than $400,000 in rent for the facility. For more, read the story.