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Chapter 11 cases dropped by 60% from 1991 to 2003. One 2007 study [41] found this was because businesses were turning to bankruptcy-like proceedings under state law, rather than the federal bankruptcy proceedings, including those under chapter 11. Insolvency proceedings under state law, the study stated, are currently faster, less expensive ...
She was a law clerk in private practice in Kansas in 1981. She was a law clerk for Judge Benjamin E. Franklin of the United States Bankruptcy Court from 1981 to 1983. She was an Assistant United States Attorney of the United States Attorney's Office for the District of Kansas from 1983 to 1992. She was an adjunct faculty member at the ...
Originally, bankruptcy in the United States, as nearly all matters directly concerning individual citizens, was a subject of state law. However, there were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...
Diplomatist Edmund Roberts, President Andrew Jackson 's envoy to the Far East, incorporated American concepts of bankruptcy protection into Article VI of the Roberts Treaty with Siam of 1833. Voluntary bankruptcy in the United States was first allowed by the Acts of 1841, [3] and 1867. [4] These early acts and the Bankruptcy Act of 1898, known ...
Harvey Robert Miller (March 1, 1933 – April 27, 2015) was an American lawyer. The New York Times called him "the most prominent bankruptcy lawyer in the nation." [1] Born in New York City, Miller graduated from Brooklyn College (A.B., 1954) and Columbia University (LL.B., 1959), and was admitted to the bar in New York State in 1959.
The disadvantage of filing for personal bankruptcy is that, under the Fair Credit Reporting Act, a record of this stays on the individual's credit report for up to 7 years (up to 10 years for Chapter 7); [5] still, it is possible to obtain new debt or credit (cards, auto, or consumer loans) after only 12–24 months, and a new FHA mortgage loan just 25 months after discharge, and Fannie Mae ...
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