The Peabody Retirement Community filed a voluntary Chapter 11 restructuring case on June 24, 2013, in the U.S. Bankruptcy Court for the Southern District of Indiana. This restructuring could possibly result in a default which would then cause bonds, originally issued in August 2002, to lose their value.
Some of these bonds were recommended and sold through B.C. Ziegler and Co. They were primarily used to fund the construction of a 144-bed skilled nursing center, a 48-unit memory care center and a 73-unit assisted living facility at the North Manchester retirement community.
If you or a family member invested in The Peabody Retirement Community bonds, recommended and sold by B.C. Ziegler and Company, or other broker-dealers, call Soreide Law Group, for a free consultation on how to potentially recover your losses. To speak with an attorney, call 888-760-6552.
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