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Ulterior Motives Can Derail Forced Bankruptcies: 3rd Circ.

By Gail Sullivan ( October 16, 2015, 10:48 PM EDT) -- An otherwise proper petition to force a debtor to declare bankruptcy can be dismissed if it's filed for cynical reasons, the Third Circuit held in a Friday precedential decision affirming a lower court holding that such a petition was filed against an athletic turf playing field company to gain a litigation advantage. ...

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