Bankruptcy Filing Limitations – Corporations

“In order to file for bankruptcy, a corporate entity must be legally authorized to do so. Whether the bankruptcy petition has been duly authorized is governed by state law and often depends on the entity’s governance documents. If a petition has not been properly authorized, creditors may seek its dismissal.”

https://www.dechert.com/Newsflash_US_Bankruptcy_Filing_Limitations_-_How_Far_Can_You_Go_10-04-2017/

 

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