Wednesday, June 29, 2011 - 2:39pm
Delmarva Rural Ministries filed for bankruptcy
Delmarva Rural Ministries, a nonprofit founded almost 40 years ago to provide health care, housing and other services to low-income residents of the Delmarva Peninsula, has filed for bankruptcy.
The Dover-based group listed assets between $10 million and $50 million and liabilities between $1 million and $10 million in a Chapter 7 liquidation filing Wednesday.
The group's operations included Kent Community Health Center in Dover, which was closed recently because of financial problems, and migrant rental housing in Bridgeville, Salisbury, Md., and Cape Charles, Va.
The largest unsecured claims against the agency include roughly $462,000 by the U.S. Rural Housing Service, IRS liens of more than $400,000 on its Dover office building, and a requested refund of $250,000 by the Longwood Foundation for a donation to an uncompleted capital campaign.
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