Bankruptcy Panel Pushes US Lawmakers to Fix Law

Category: Bankruptcy Law Published: Tuesday, 23 December 2014 Written by Admin

Top restructuring professionals say US corporate bankruptcy law is broken and are pushing lawmakers for changes that would give struggling companies a better shot at survival.

In a report released Monday, industry professionals called on federal lawmakers to pass reforms they say would make the Chapter 11 process cheaper and more efficient, potentially saving jobs and stabilizing the economy.

The 370-page report from the...

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