Robert Rasmussen, an expert in bankruptcy and corporate reorganization who teaches at the USC Gould School of Law and AMEC honoree, said lawsuits are commonly used by parties to stake their claims in bankruptcy cases. “The whole point of bankruptcy is figure out the assets, get a price on them and figure out what you owe,” Rasmussen said. “People are told, ‘If you don’t speak up now and tell us what you’re owed, here’s what you get — nothing." READ ARTICLE.
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