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Bankrupt Web consultant marchFIRST Inc. obtained permission from a federal court judge in Delaware to sell off its assets and go out of business, rather than trying to reorganize its finances and stay afloat. The judge agreed to let marchFIRST switch its Chapter 11 bankruptcy filing to a Chapter 7 filing for liquidation after creditors complained about the way the company was handling its reorganization.
April 30, 2001 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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