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Sears Methodist Retirement System records $95,593 November net loss
By Caroline Salls
Pittsburgh, Jan. 27 – Sears Methodist Retirement System, Inc. reported a net loss of $95,593 for November on $299,891 in net revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Northern District of Texas.
In comparison, Sears Methodist posted a $352,167 net loss for October on $313,872 in net revenue.
The company also reported negative $2.76 million in cash as of Nov. 30, declining from negative $1.98 million at the end of October.
Sears Methodist is a Dallas-based nonprofit senior living provider that filed for bankruptcy on June 10, 2014. The Chapter 11 case number is 14-32821.
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