Relief for some - Bad news for others - Arizona Bethany Group Properties

Well it appears many of the Bethany Group Managed and owned properties have been turned over to receivership and taken over by new management. That is great news for all the current resident that no longer have to pick up all their things and move. The bad news...
Many workers at the properties have not been paid for months and may not receive any back pay. Our complements to those that stuck it out and did not up and leave along with their employer, The Bethany Group. It is such a shame but it is hard to blame the Bethany Group when bills just cannot be paid any longer and there is no equity for leverage. Lastly, who knows about current tenant's security deposits. It could be a complete loss for those residents and a bit of a surprise when they move out and realize that they are not getting their deposit back. It is a tough situation all they way around but all in all, it could have been a lot and I mean a lot worse.
To read more visit:
http://www.azcentral.com/arizonarepublic/local/articles/2009/03/20/20090320receivership0320.html