Health Care Facility American Addiction Center files for Bankruptcy

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The corporation for American Addiction Center has filed for bankruptcy, according to the Bankruptcy Court in Delaware. The company says they expect to come out from bankruptcy in 125 days, after implementing a reformed plan to drop out their debt. AAC has decided to   finance $62.5 million that will permit them to continue business during this restructuring process. With operation of rehab centers in seven states, the company failed to commit to their debt responsibilities and thus had to enter a moderation arrangement with creditors. 

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