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BK For Everyone

BK For Everyone
September 12, 2014

Debtor Can File BK Despite Waiver – Nonsense Clauses

A plethora of non-enforceable contract provisions permeate our commerce. Some are humorous, some cause unnecessary consternation. Lenders, vendors and others frequently insert a clause into loan documents and invoices that say, in summary, that buyer or borrower may not file bankruptcy without first paying the lender or vendor. Nonsense!  The policy of…
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