Wednesday, November 30, 2011

Allcare Dental Files for Bankruptcy - No Assets in $3.6 Million Filing

It was almost a year ago that Allcare Dental and Denture precipitously closed up shop.


Because its telephone and computers were shut down and they could not warn patients.

Whatever and I don't quite believe this spin.

In any case, Allcare has filed for a Chapter 7 liquidation bankruptcy.
A New York dental chain that closed offices in 13 states, including Pennsylvania, without warning late last year lists no assets and liabilities of $3.6 million in a bankruptcy filing.

Allcare Dental Management filed for Chapter 7 liquidation this month in U.S. Bankruptcy Court in Buffalo. The filing shows the suburban Buffalo-based company owns no real estate and has no cash on hand.
There will be a creditors meeting in Buffalo, New York on December 12.

Don't look for any assets to be used for patient reimbursements for pre-paid dentistry.

Word to the wise dental patient.

NEVER pre-pay for dental services in a corporate dental office or accept a large line of credit which they can access at any time.

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