A Wake-Up Call For Banks To Comply With Bankruptcy Rules

By Jerome Walker, Duane Morris LLP (May 10, 2017, 11:02 AM EDT) -- It is fair to say that not many, if any, banks have internal controls or policies and procedures to identify and mitigate deficiencies in their bankruptcy practices. Indeed, banks typically rely on their legal department or external counsel to make sure banks protect their interests when bank customers file bankruptcy....

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