Y-Me, the national cancer organization that abruptly shut its doors and fired its staff earlier this month, has filed for Chapter 7 bankruptcy liquidation, according to the Chicago Tribune and The Wall Street Journal.
In its filing Tuesday, the Chicago-based charity, which operated the nation?s only 24-hour, multilingual hotline for breast-cancer patients, reported liabilities of $501,001 to $1-million against assets of $101,001 to $500,000. It has seen donations plummet in recent years.
Experts said Y-Me?founded in 1978, when there was little public discussion of breast cancer and few sources of emotional support for patients?has been crowded out as groups offering such aid proliferated and pink-ribbon campaigns made the disease a major national cause.
?There are just so many avenues now to receive information that weren?t around even 20 years ago,? Janine Gauthier, director of the Cancer Integrative Medicine Program at Chicago?s Rush University Medical Center, told the Tribune. ?You can literally find information anywhere.?
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