Ascencion Medical Center has filed a petition with the U.S. Bankruptcy Court for the Southern District of Florida seeking bankruptcy protection. The Miami-Dade County medical facility filed for Chapter 11 bankruptcy to restructure its growing debt.
Ascencion Medical Center Petitions for Bankruptcy Protection
According to the official filing, Ascencion Medical Center, the healthcare provider’s estimated assets are between $0 and $50,000. Its liabilities are reported in the same range.
According to the filing, the Miami-based medical center lists between one and 49 creditors.
Attorney Carlos E. Sardi of Sardi Law PLLC represents the medical center in the proceedings. The filing identifies Ascencion Medical Center as a small business debtor under 11 U.S.C. §101(51D). The Miami clinic, a small business debtor, prepares to proceed under Subchapter V of Chapter 11…