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Big banks are expected to join with bankruptcy lawyers in Delaware and New York to oppose legislation revamping the corporate bankruptcy system if lawmakers attempt to enact the measure this year. Opponents charge that provisions in the Employee Abuse Prevention Act addressing asset securitizations and pension claims would trigger more corporate bankruptcies and force businesses to liquidate rather than reorganize.
August 07, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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