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Bankruptcy

Jul. 30, 2001

Going For Broke

While most commentators have focused on the changes to the consumer aspect of the reform bill, the new bankruptcy legislation seems to undercut the concept of the "level playing field" that can make Chapter 11 an effective tool for the restructuring of a company's finances.

        By David L. Neale

        While most commentators have focused on the changes to the consumer aspect of the reform bill, the new bankruptcy legislation seems to undercut the concept of the "level playing field" that can make Chapter 11 an effective tool for the restructuring of a company's finances. While there are certainly abuses that the new bankruptcy legislation tries...

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