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Sunday, June 25, 2006

Bankruptcy Law - Sidgmore 'Very, Very Sorry' for WorldCom Mess


Sidgmore 'Very, Very Sorry' for WorldCom Mess
WLBT - It's not the same thing as Chapter 7 bankruptcy, which liquidates a company's assets and distributes the proceeds to creditors. WorldCom has said that business will go on as normal during the reorganization, and on Monday employees filed into

PALEONTOLOGY: Judge rules lease of S.D. land where T. rex found is
Grand Forks Herald - years old and believed to be about 90 percent complete, is not certain. The T. rex is sitting in storage in Pennsylvania under the jurisdiction of a federal bankruptcy court after the man hired to restore the fossils filed for Chapter 7 bankruptcy

House Sends Bankruptcy Reform Bill to Bush
E-Commerce Times - Those with insufficient assets or income could still file a Chapter 7 bankruptcy, which, if approved by a judge, erases debts entirely after certain assets are forfeited. Those with income above the state's median income who can pay at least $6,000

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