Age Center Meals-on-Wheels Bankruptcy Settlement

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Age Center

Worcester, MA: (Jul-08-07) Chartwells Division, who ran Meals-on-Wheels, a nutrition program for the Age Center of Worcester, and TD Banknorth, filed a lawsuit against Age Center after it went bankrupt. The suit sought to reach settlements for the limited funds the Age Center had before it closed in June 2006. Chartwells, who ran the Age Center's Meals-on-Wheels program and the bank that first held the agency's mortgage and a $500,000 loan, initiated the court case, seeking to lay claim to the limited funds of the Age Center, the city's longest-serving senior-serving agency. Chartwells was seeking more than $250,000 for services it provided between February and April 2006. TD Banknorth was seeking $350,000 the Age Center still owed under a $500,000 promissory note it had with the bank. TD Banknorth had already sold the mortgage for the building the Age Center had purchased at 799 West Boylston St., and the Maine company that bought the mortgage had already foreclosed on the property. In a settlement reached, $200,000 that the center had left, was split between Chartwells and TD Banknorth. Of that money, $25,000 was first allocated for the Central Massachusetts Area on Aging to conduct an audit of the Age Center. [WORCESTER TELEGRAM: SENIOR SERVING BANKRUPTCY]