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House Passes Bill Reforming Ch. 11 For Big Banks

By Kurt Orzeck ( December 1, 2014, 9:18 PM EST) -- The U.S. House of Representatives on Monday passed a bipartisan bill that would amend Chapter 11 of the U.S. Bankruptcy Code with the aim of encouraging recapitalizations of distressed global financial firms and avoiding future "too big to fail" bailouts....

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