(WBBM NEWSRADIO) -- Relatives of former residents of Friendship Village in Schaumburg want changes in how they’re reimbursed for deposits as the retirement community moves through bankruptcy.
The family of WWII veteran Robert Kroll are still waiting to get a portion of the $124,000 deposit he paid to enter Friendship Village following his death in 2019.
His daughter told the Chicago Tribune they want state laws changed to protect seniors from what she calls this type of deception where entry fees are only paid after the resident’s unit is resold.
The Schaumburg facility is the state’s largest not-for-profit retirement community and filed for Chapter 11 in June after pandemic challenges left it with well over $100 million dollars in debt.
A federal judge is slated to rule on the repayment plan proposal, which is also to be voted on by creditors. The next court hearing is scheduled for next week.
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