Interfaith Medical Center in Brooklyn Files for Chapter 11 Bankruptcy
What happens when a hospital goes bankrupt?
Interfaith Medical Center in Brooklyn, a local hospital serving Bedford-Stuyvesant and Crown Heights residents, filed for bankruptcy protection after years of financial trouble.
The hospital services a quarter of a million residents in the area, mainly those of African and Caribbean descent. Instead of merging with another company it decided to file for Chapter 11 bankruptcy to keep its doors open.