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Alan M. Christenfeld, a partner at Clifford Chance, and Shephard W. Melzer, a partner at Sonnenschein Nath & Rosenthal, write that the overall tenor of the latest legislation makes bankruptcy less hospitable to debtors. This would appear at first blush to help secured creditors. Whether the new provisions are beneficial or disadvantageous, however, is likely to vary depending on the facts of a particular case.
August 04, 2005 at 12:00 AM
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