Judge Harlin Hale found that the gun group wasn’t acting in ‘good faith’ when it filed for bankruptcy.
- Associate Professor of Law, Emory University
A bankruptcy filing always means there’s not enough money to go around, but the process ensures both debtors and creditors are protected.
While critics accuse companies facing lots of lawsuits of using bankruptcy as a sort of ‘get of jail free card,’ the reality of the legal procedure is more complicated.
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