CAPWN to begin process of Chapter 11 reorganization - kotanow.com- Scottsbluff Area News, Sports, and Weather

CAPWN to begin process of Chapter 11 reorganization

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One of the biggest non-profit community action agencies in the panhandle area has made a big announcement.

The Community Action Partnership of Western Nebraska (CAPWN) has filed for Chapter 11 bankruptcy.

Interim Executive Director Margo Hartman says that financial setbacks due to sequestration, self-funded insurance programs, and financial reporting issues have left the organization in an unfavorable position.

“After a lot of considerations and recommendations from our attorneys, we felt that this was the best way for us to move forward to get our house in order so to speak to get on a financial stability, stable groundwork and move forward. And be able to keep providing the services in the communities for those families that need them,” says Hartman.

Hartman says she wants to make it clear that CAPWN is not going out of business. She says this step is simply for restructuring and improving.
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