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<blockquote data-quote="newfie" data-source="post: 2088100" data-attributes="member: 58700"><p>they are not loopholes but a legal process to organize debt on a bad deal. you need to educate yourself rather then just run off at the mouth.</p><p></p><p><span style="font-size: 18px"><strong>Chapter 11, Title 11, United States Code</strong></span></p><p><strong>Chapter</strong> <strong>11</strong> is a chapter of <strong>Title</strong> 11 of the <strong>United</strong> <strong>States</strong> Bankruptcy <strong>Code</strong>, which permits reorganization under the bankruptcy laws of the United States. <strong>Chapter</strong> <strong>11</strong> bankruptcy is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities.</p></blockquote><p></p>
[QUOTE="newfie, post: 2088100, member: 58700"] they are not loopholes but a legal process to organize debt on a bad deal. you need to educate yourself rather then just run off at the mouth. [SIZE=5][B]Chapter 11, Title 11, United States Code[/B][/SIZE] [B]Chapter[/B] [B]11[/B] is a chapter of [B]Title[/B] 11 of the [B]United[/B] [B]States[/B] Bankruptcy [B]Code[/B], which permits reorganization under the bankruptcy laws of the United States. [B]Chapter[/B] [B]11[/B] bankruptcy is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. [/QUOTE]
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