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Harrington v. Purdue Pharma L.P., 603 U.S. ___ (2024), is a United States Supreme Court case regarding Chapter 11 of the Bankruptcy Code. [ 1 ] This case is about the settlement by Purdue Pharma for opioid victims who overdosed with the OxyContin drug produced by the company. The justices determined that the Bankruptcy Code does not authorize ...
Declaring bankruptcy may be the best solution if all the following are true: You have large amounts of unpayable debt. You are already at risk of losing essential assets — such as your car or ...
A Johnson & Johnson subsidiary filed for bankruptcy for a third time on Friday as the healthcare giant seeks to advance an approximately $8 billion proposed settlement that would end tens of ...
Key takeaways. There are two common types of bankruptcy: Chapter 7 and Chapter 13. Filing for bankruptcy is a time-consuming process that can take years to stop affecting your finances.
On November 19, 2016, the United States Bankruptcy Court for the Southern District of New York approved a global settlement – made in cooperation with the California Attorney General - with the defendants in Picard v. the Estate of Stanley Chais, et al. The agreement was made with the Stanley Chais estate, Chais’s widow, children, and a ...
t. e. Title 11 of the United States Codesets forth the statutes governing the various types of relief for bankruptcy in the United States. Chapter 13of the United States Bankruptcy Codeprovides an individual with the opportunity to propose a plan of reorganizationto reorganize their financial affairs while under the bankruptcy court's protection.
Debt settlement is a process that lets you settle large amounts of debt for less than you owe, and it is offered through for-profit debt settlement companies. Typically, these programs ask you to ...
Under the reorganization process, termed a 363 sale (for Section 363 which is located in Title 11, Chapter 3, Subchapter IV of the United States Code, a part of the Bankruptcy Code), the purchaser of the assets of a company in bankruptcy proceedings is able to obtain approval for the purchase from the court prior to the submission of a re ...
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