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- Winding up of companies was in the jurisdiction of the courts which can take a decade even after the company has actually been declared insolvent. For companies, formal bankruptcy is a normal effect of insolvency, even if there is a reconstruction mechanism where the company can be given time to solve its situation, e. Says Donald Trump was "forced to file for bankruptcy not once, not twice, four times.
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Curtis Jackson, better known as rapper 50 Cent, filed for Chapter 11 bankruptcy protection on Monday. N court papers filed in the US Bankruptcy.
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When the education technology company ConnectEDU Inc. Ught protection under Chapter 11 bankruptcy law earlier this year, 20.
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