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For Those Too Big To Fail, Experts Suggest 'Ch. 10'

Law360 (February 19, 2009, 12:00 AM EST) -- Two bankruptcy law experts have proposed a new “Chapter 10” bankruptcy proceeding be added to the U.S. Bankruptcy Code to accommodate the particular problems associated with companies viewed as too big to fail.

In an article to be published in the March issue of the American Bankruptcy Institute Journal, George W. Kuney of the University of Tennessee College of Law and Michael St. James of St. James Law PC in San Francisco argue that for companies seen as too big to fail, the typical Chapter 11...
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