Four Hudson Valley Funeral Homes File for Bankruptcy

On Friday morning four local funeral parlors were supposed to go up for foreclosure auction.

In order to protect himself from the foreclosure, the owner of the four funeral homes, Anthony Ingrassia, filed for Chapter 11 on Thursday. According to the Times Herald Record, the newspaper is one of the businesses owed money. The Record is reportedly owed $11,000.

That's a lot of money, but nothing compared to the $2.15 million that's owed to Orange Bank & Trust, the company seeking foreclosure on the properties. Catskill Hudson Bank is also reportedly owed an additional $42,000.

The funeral home operator has indicated in paperwork that he plans to continue running his businesses while under bankruptcy protection. It's not uncommon for businesses to file for Chapter 11 protection to avoid a foreclosure auction.

The affected funeral homes are The Ralston-Lippincott-Hasbrouck-Ingrassia Funeral Home in Middletown, The Lippincott-Ingrassia Funeral Home in Chester, The Lippincott Funeral Chapel in Goshen and The Strong-Basile Funeral Home in Greenwood Lake.