Careful Planning Remains Important Part of Pre-Bankruptcy Negotiations
By , February 8, 2012
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This article examines the newly effective 11 U.S.C. _ 502(k), which allows courts to penalize unsecured creditors that do not negotiate reasonable alternative payment arrangements with their debtors. Several other changes made to the BAPCPA are explored, detailing the ways in which they were crafted to promote pre-petition negotiations between the parties of a bankruptcy.
