Here is an explanation of terms used in bankruptcy fillings:
Chapter 11: Business reorganization. Debtor retains possession of assets and attempts to remain in business by proposing a plan of reorganization to pay all or a portion of debts from future earnings. Chapter 12: The family farm bankruptcy proceeding.
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Questions raised over Maine lawmaker's mining support, bankruptcy relief
A prominent Democratic legislator who has been pushing for looser state environmental regulations that would allow an Irving family company to mine Bald Mountain in northern Maine received $ 150,000 in debt relief from another Irving company. Bankruptcy …
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