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To: Ms. Baby Boomer who wrote (14072)10/14/2005 11:20:18 AM
From: Wes  Read Replies (1) | Respond to of 14451
 
What You Don't Know about the Bankruptcy Law

It's not just about individuals. Largely overlooked corporate provisions of the new law require companies to make quicker decisions on leases, pony up more upfront cash, and shed some of their exclusive right to file reorganization plans.
Marie Leone, CFO.com
May 05, 2005

Over the past few months, the media has doggedly reported on the progress and final passage of the new federal bankruptcy law, focusing on its effects on individuals. The impact that it will have on business has gotten little attention.

Yet the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, adopted on April 20, will make seeking Chapter 11 protection a more onerous process, according to legal and turnaround management experts.


For complete article see:

cfo.com