Magazine article from our research archive:

Dismissals of Bankruptcies Filed in Bad Faith: What's the Standard?

The term "bad faith" is one that creditors tend to throw out unabashedly. To some, every bankruptcy is in bad faith because the debtor is not satisfying its obligations. Those obligations, however, become a part of the bankruptcy estate and are satisfied through bankruptcy proceedings as Congress intended-that debtors could restructure their debts without the consent of their creditors. Reorganizing without creditor consent is crucial to the success of reorganization proceedings, as demonstrated by the global movement to adopt insolvency laws similar to the U.S. Bankruptcy Code.

Yet even the Code has its limits, as Congress certainly did not intend to create a system for abuse. There are ...

Related newspaper, magazine, and journal articles:

See all results. Or, try our Advanced Search.

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 60 million articles! Access over 3,500 publications with a FREE trial!