James Sprayregen
James Sprayregen
ad balances bankruptcy checks code existing favor interest messed negative number provisions series
a series of ad hoc special-interest provisions put in that messed with the checks and balances of existing bankruptcy code in a negative way, in favor of a number of special-interest groups.
financial outside risks willing
As a result, that makes a place where financial institutions are willing to take risks that they would not take outside of bankruptcy,
claim close last until
This is the cleanup. It doesn't close until every last $20 claim is resolved.
bankruptcy business code continue depend effect immediate plan reason result
There is no immediate effect as a result of any bankruptcy filing, ... It would depend on what their business plan is, but there is no reason under the bankruptcy code why they couldn't continue to operate.