A Florida brain injury treatment facility has declared bankruptcy in the wake of allegations of patient neglect and abuse by its employees.<\/p>\n
The Florida Institute for Neurologic Rehabilitation, Inc. (FINR) recently filed for Chapter 11 protection in federal bankruptcy court in Tampa, along with three affiliated companies. According to court filings, they estimate their liabilities to be between $3 million and $30 million and the number of their creditors to be between 103 and 346. They also estimate their assets to be less than $150,000.<\/p>\n
The filing occurred on the same day that Regions Financial Corp. sued FINR, alleging that FINR had defaulted on $31 million in real estate mortgages. Regions Bank claimed in its suit that FINR’s patients’ welfare is in jeopardy due to financial and management problems at the facility in Wauchula, southeast of Tampa.<\/p>\n
In August, state authorities ordered FINR to relocate about 50 residents to other facilities. That directive, which (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" A Florida brain injury treatment facility has declared bankruptcy in the wake of allegations of patient neglect and abuse by its employees. The Florida Institute for Neurologic Rehabilitation, Inc. (FINR) recently filed for Chapter 11 protection in federal bankruptcy court…<\/span><\/p>\n