The Ellen Shaw de Paredes Breast Cancer Foundation has filed a voluntary petition for chapter 7 bankruptcy liquidation as it shifts its focus primarily to breast cancer early detection and screening, the Richmond Times-Dispatch reported today. The foundation board is in the process of creating a new nonprofit entity, called Reach Out For Life. The foundation was created in 2005 by Dr. Ellen Shaw de Paredes, a diagnostic radiologist who died in August 2014. The petition, filed Friday in U.S. Bankruptcy Court in Richmond, listed estimated assets and liabilities of between $100,001 and $500,000, court documents show. Paredes was a passionate advocate of early detection of breast cancer, and she started her medical practice, the Ellen Shaw de Paredes Institute for Women’s Imaging, to provide that care. The institute is a separate business entity from the foundation and is not affected by nor part of the bankruptcy filing.
