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15375 Memorial Corp. v. Bepco L.P.

ELR Citation: ELR 20010
Nos. Nos. 09-1391 et al., (3d Cir., 12/22/2009)

The Third Circuit affirmed a lower court order dismissing oil and gas exploration companies' bankruptcy petition for lack of good faith. The companies failed to show that their Chapter 11 bankruptcy petitions served valid bankruptcy purposes because the bankruptcies did not maximize the estates....

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