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Published on 8/16/2023 in the Prospect News Distressed Debt Daily.

Amsterdam House to mediate sale issues with committee, UMB Bank

By Sarah Lizee

Olympia, Wash., Aug. 16 – Amsterdam House Continuing Care Retirement Community, Inc., which does business as the Harborside, will mediate issues related to its sale process, according to an order filed Wednesday with the U.S. Bankruptcy Court for the Eastern District of New York.

The official committee of unsecured creditors and bond trustee UMB Bank, NA will participate in the mediation.

Judge Robert D. Drain will act as mediator.

The mediation is set to conclude by Aug. 22.

The Port Washington, N.Y.-based retirement community builder and operator filed Chapter 11 bankruptcy for the third time on March 22 under Chapter 11 case number 23-70989.


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