A South Florida medical practice has filed for Chapter 11 reorganization after it was unable to make a payment in a malpractice lawsuit settlement, according to the South Florida Business Journal.
South Florida Multispecialty Associates made the June 12 filing in federal bankruptcy court in reaction to a medical malpractice plaintiff won a garnishment on the company’s accounts, the Business Journal reports.
The 50-employee company was unable to come up with $100,000, the first part of a $250,000 settlement announced in May, the Business Journal reports.