Bankruptcy at an Illinois retirement community has financial impact on residents and families too
At age 88, World War II veteran Robert Kroll moved to Friendship Village of Schaumburg, Illinois, a retirement community where he would be taken care of until death, and so his children would get their inheritance after he died. He paid an entrance fee of $124,000, plus about $2,400 a month, to guarantee that he would always get housing and medical care even if he ran out of money, with the ...
Source: yahoo.com