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Florida Brain-Injury Facility Files for Bankruptcy

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A U.S. brain-injury treatment center has filed for bankruptcy following reports of abuse and neglect of patients by their caregivers, Bloomberg News reported on Saturday. The Florida Institute for Neurologic Rehabilitation Inc. (FINR)and three affiliated corporations filed chapter 11 petitions on Friday. They said in court filings that they estimated they owe between $3 million and $30 million to 103 to 346 creditors and that their assets total $150,000 or less. The bankruptcy action came on the same day that a unit of Regions Financial Corp. sued FINR, claiming that it defaulted on $31 million in real-estate loans.