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The Bankruptcy Eligibility Of Quasi-Governmental Entities

The Bankruptcy Eligibility Of Quasi-Governmental Entities

In cases where a not-for-profit corporation is closely related to or controlled by a governmental unit, a creditor may challenge the corporation’s Eligibility to file for Bankruptcy. An Illinois bankruptcy judge's decision in Lombard Public Facilities is a reminder that eligibility is a fact-specific inquiry, say attorneys with Chapman and Cutler LLP.



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The Bankruptcy Eligibility Of Quasi-Governmental Entities

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