This is the cleanup. It doesn't close until every last $20 claim is resolved.
a series of ad hoc special-interest provisions put in that messed with the checks and balances of existing bankruptcy code in a negative way, in favor of a number of special-interest groups.
As a result, that makes a place where financial institutions are willing to take risks that they would not take outside of bankruptcy,
It was a large, complex, lengthy case with many difficult issues that took long hours over nights, weekends and holidays by a large team from K&E ... at great sacrifice to many people's personal lives.
There is no immediate effect as a result of any bankruptcy filing, ... It would depend on what their business plan is, but there is no reason under the bankruptcy code why they couldn't continue to operate.
