Story perspectives

Bankrupt Retirement Community Leaves Families Struggling to Recover

12/9/2025

Summary

Story summary

Barbara Cooper recalls her parents' experience at Harborside Retirement Community in Port Washington, New York, where they paid $946,000 and expected 80% back.
Harborside went bankrupt in 2023, leaving residents vulnerable and families like the Coopers without their investment.
Barbara's parents were separated after 70 years of marriage because of the facility's closure, and they died shortly afterward.
She advises seniors to safeguard their financial investments to avoid similar risks.

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Story summary

Barbara Cooper recalls her parents' experience at Harborside Retirement Community in Port Washington, New York, where they paid $946,000 and expected 80% back.
Harborside went bankrupt in 2023, leaving residents vulnerable and families like the Coopers without their investment.
Barbara's parents were separated after 70 years of marriage because of the facility's closure, and they died shortly afterward.
She advises seniors to safeguard their financial investments to avoid similar risks.