The same officials that controlled the municipality prior to the filing continue to run it, and the bankruptcy court has no authority to intervene or to deviate from their authority. Note that since the bankruptcy process changes nothing in the loca Continue Reading...
The recent impositions on personal bankruptcies attracted the attention but the legal experts opined that new rules could have extensive effects. In common, in the words of a bankruptcy lawyer Jon Schneider of Goodwin Procter in Boston, "There is pr Continue Reading...
It provided for fast proceedings, encouraged debtors to reschedule their obligations rather than liquidate and helped creditors recover their claims against bankrupt estates. The 1994 Act also created the National Bankruptcy Commission, charged with Continue Reading...
Sometime the debtor is able to successfully reduce its liability and returns to profitability but quite often it returns to seek the court's protection again and sometime the end result is liquidation. Under Chapter 11 protections, the debtor gets Continue Reading...
Technology Updates The Cost of Technological Advances The development of technological advances has been significant in the last 50 years but more so in the last 30. According to Moore an early pioneer in silicone technology, the capacity for engi Continue Reading...
It is increasing taxpayer more and more every year. More than likely the officer in question will be fired or put in paid leave of absence. Never is the officer investigated by internal affairs or federal agencies. This shows an inconsistency within Continue Reading...
