J. Zac Christman, Bankruptcy Attorney
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General Information
Locality: Stroudsburg, Pennsylvania
Phone: +1 570-234-3960
Address: 530 Main Street 18360 Stroudsburg, PA, US
Website: poconobankruptcyattorney.com
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6-3. While the decision itself is a big deal, it also says good things about the system that produced it. The 6 votes for the decision demonstrate that the Supreme Court Justices are indeed trying to make the appropriate decision based on the law, not who appointed them or their personal political leanings. I admire Chief Justice Roberts.
While Chapter 11 is normally used to reorganize, Purdue Pharma is not expected to survive this Chapter 11. It appears the case is a Chapter 11 solely to protect the owners of Purdue Pharma. Chapter 11 is prohibitively expensive for most businesses, but similar results can be obtained for the owners' of small failing businesses in Chapter 13. https://www.apnews.com/c2780653e7934908856bfbf00eafddf1
It would be an honor to get your nomination for the Pocono Record Reader's Choice Award.
Need someone to explain Bankruptcy to you? It’s as easy as squid-pro-quo (and a free consultation.)
The automatic stay provided by the Bankruptcy Code typically stays all collection action. While there are many exceptions for the IRS, I am unaware of one that would allow such a travel restriction to remain. https://www.forbes.com//another-travel-ban-irs-moves-to-/
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