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January 6, 2009

Senior housing developer files personal bankruptcy

SALEM, Ore. (AP) — The founder and CEO of Sunwest Management has filed a personal bankruptcy in an effort to halt the collapse of his senior-housing empire.

Jon Harder, 41, of Salem faces between $1.2 billion and $1.8 billion in debt, much of it corporate obligations the Salem man personally guaranteed, The Oregonian newspaper reported.


 
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