Genesis Files for Bankruptcy—What’s Next?

Did you hear? Genesis HealthCare just filed for bankruptcy, but they say it’s business as usual for residents and staff—no layoffs or closures for now. The big drama: Genesis owes a whopping $1.5 billion, including $58 million to Pennsylvania in taxes. For families with loved ones in their care, it’s a wait-and-see game, but daily routines shouldn’t change. Meanwhile, if you need a retail pick-me-up, Philly Premium Outlets is throwing a Christmas in July bash with music, food trucks, and deals galore! #Business #MoneyTalk #LocalBiz