The characterization of an ORRI conveyance in bankruptcy
If, however, a bankruptcy court characterizes the ORRI conveyance as a disguised financing transaction, then the ORRI holder may find itself a creditor with a claim subject to bankruptcy discharge. The characterization of an ORRI is generally …
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Students ask Education Department to discharge college debt
In a plan orchestrated by the federal government, some of the Corinthian schools closed while others were sold before the chain filed for bankruptcy this spring. The biggest question has been what should happen to the debt incurred by students whose …
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