Continuing-care bankruptcy wipes out residents

[steve203]

@WendyBG

The very high up-front entry fee could be spent on private caregivers in the home. That would avoid the need to commit (and risk) a huge lump sum.

$1M is pretty steep. My aunt moved into one of those places around 2007. She paid about $100,000 up front, and about $3,000/month.

Steve