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Score One for the Good Guys

On countless occasions, the Supreme Court has proclaimed the longstanding axiom that the bankruptcy process is for "honest debtors" only; wrongdoers should never be allowed refuge within the confines of the nation's insolvency law. Often overlooked is the fact that the automatic stay, 11 U.S.C. ' 362(a), a linchpin of modern bankruptcy practice, was likewise carefully constructed so as to not provide a safe harbor for malefactors.

21 minute read January 28, 2009 at 08:51 AM
By
Anthony Michael Sabino
Score One for the Good Guys

On countless occasions, the Supreme Court has proclaimed the longstanding axiom that the bankruptcy process is for “honest debtors” only; wrongdoers should never be allowed refuge within the confines of the nation's insolvency law.

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