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Specializing in insolvency and complex commercial matters since 1974

Plan Confirmed In Reorganization Of Brain Injury Rehabilitation Center And Related Entities - August 30, 2013

The firm represented Joseph E. Brennick, the CEO, 100% shareholder, and Chairman of the Board of Directors of Florida Institute for Neurologic Rehabilitation, Inc. and several related Chapter 11 debtors (collectively “FINR”) in connection with cases filed by them in the United States Bankruptcy Court for the Middle District of Florida, Tampa Division. FINR owns a large treatment center for patients with traumatic brain injuries and is one of the largest employers in Hardee County. Mr. Brennick was a guarantor of corporate debts exceeding $40 million and was a co-defendant with FINR in pending actions at the time of the Chapter 11 filings. The firm was heavily involved in the drafting, negotiation, and confirmation of a plan of reorganization that resolved and adjusted over $40 million in claims and allowed FINR to continue its business operations. As part of the plan, which was confirmed on August 30, 2013, the actions against Mr. Brennick were dismissed. Edward J. Peterson was lead counsel for Mr. Brennick. See related newspaper article.