After an 11th hour deal to keep open an exclusive Long Island continuing care, retirement/life plan community fell through Last month, Chief Judge Alan S. Trust of the U.S. Bankruptcy Court for the Eastern District of New York set a Dec. 9 deadline for The Harborside in Port Washington, N.Y., to find a buyer or face possible liquidation.

“The trust said it wants to know the identity of the prospective buyer for the bankrupt facility, the terms of the sale, how creditors will be paid and the impact on the 181 residents, whose average age is 90,” Newsday reported.

Meanwhile, the Trust has also scheduled a Dec. 11 hearing on a motion by the Office of the United States Trustee to dismiss the protracted Chapter 11 case.

“While the parties are hopefully waiting for the miraculous intervention in the form

if a new sale will take place, the debtor’s financial situation has continued to deteriorate, causing the debtor to incur a significant amount of unpaid administrative obligations after the petition, Stan Yang, an attorney for the US Trustee, said in his 11-page. petition for dismissal.

The Harborside filed for bankruptcy protection for the third time in nine years in 2023. The proposed sale to Life care services where withdrawn by LCS in September, where the company said the state took too long to review its application.

LCS spokeswoman Traci McBee said earlier McKnight’s Business Daily that the company had been working since 2022 to buy the CCRC out of bankruptcy and “restore it to a thriving senior housing option for current and future residents.”

If the case is dismissed on Dec. 11, The Haborside’s assets will likely be sold under Chapter 7 of the bankruptcy code, Newsday reported.

Meanwhile, The Harborside is negotiating with two potential buyers, according to Rachel Nanes, an attorney for the CCRC, Newsday reported. Any deal would still need to be approved by the state Department of Health and the Department of Financial Services.