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The fact that a debtor filing for bankruptcy is allowed to make all major decisions creates problems because it is often the debtor's prior decisions that caused the Chapter 11 filing. Under such circumstances, a good step might be appointing an examiner, an unbiased person appointed to report on or take action on a matter ordinarily under the control of the debtor.
August 06, 2007 at 12:00 AM
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The original version of this story was published on National Law Journal
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