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Business Insolvency Options: A Comparison of Wisconsin Statutes Chapter 128 and Chapter 11 of the United States Bankruptcy Code

Chapter 11 of the United States Bankruptcy Code has historically been utilized as the principal option for an insolvent company, seeking to either reorganize its operations, or sell its assets free and clear of liens, with the liens attaching to the proceeds of the sale.  However, the Wisconsin statutory  alternative, Chapter 128, which is historically...

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