Court documents are revealing how Jeannette EMS became more than $1,000,000 in debt.
Payments owed by the shuttered ambulance service are laid out in bankruptcy paperwork that was filed this week. The operation owed more than $300,000 on a mortgage and line of credit through Key Bank, and another $300,000+ on a disaster relief loan through the U.S. Small Business Administration.
The documents show more than $800,000 will not end up being paid back after the bankruptcy filing is processed and closed.
Comments