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In a relatively new entrant into the rising tide of asbestos bankruptcy cases, the U.S. Bankruptcy Court for the District of New Jersey recently revisited the issue of whether filing for bankruptcy as a tactic for resolving disputed, unliquidated liabilities constitutes bad faith warranting dismissal. Some creditors argue that whenever a debtor uses bankruptcy to resolve disputed claims, the bankruptcy is ipso facto a bad-faith filing.
January 09, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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