YMCA Filing for Bankruptcy
Posted on Mar 22, 2011 9:30pm PDT
The YMCA of McHenry County, Illinois is reportedly filing for bankruptcy after operating for 46 years. At this time, the business plans on continuing its operation but will be sold to another YMCA organization. The business has reportedly filed for bankruptcy due to increased competition, pending lawsuits, higher insurance costs and more. The
Chapter 11 filing will reportedly not affect YMCA members at this time.
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