Many of collapsed care business’s properties are based in Guernsey
Tuesday 12th July 2011, 2:29PM BST.
MORE than 40 Guernsey companies will take back their properties after a UK care home operator folded.
Darlington-based Southern Cross announced plans to shut down after it revealed it could not afford to pay landlords of its 752 care homes.
The company, which cared for around 31,000 people, was one month into a four-month restructuring period following crisis talks with landlords and creditors in June.
It added landlords were still committed to the care of its residents Trading in the company’s shares has been suspended.
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