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Bankruptcy

AOL provider Voxtur files for Chapter 15 bankruptcy

American Land Title Association, Bankruptcy, HWmember, Title, Title insurance /

Voxtur, one of the largest proponents and providers of attorney opinion letters (AOLs), has filed a Chapter 15 bankruptcy petition in Delaware. This comes after the Canadian firm already committed to a restructuring plan in Ontario.  In the U.S. bankruptcy filing, which covers Voxtur and dozens of its affiliates in Canada and the U.S., the […]

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Housing market slowdown hits retirees long after they’ve sold

Bankruptcy, HWmember, Money, Mortgage, National Investment Center for Seniors Housing and Care, Retirement, Reverse, Wall Street Journal /

In 2020, Arlene Kohen, an 89-year-old widow, moved into Harborside, a luxury continuing-care retirement community in Long Island, New York. She paid a $945,000 entrance fee and $5,700 per month, with Harborside promising to refund 75% of the entrance fee upon death or departure. But after struggling financially and filing for bankruptcy three times, Harborside

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