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A Federal bankruptcy court issued an buy confirming the liquidation plan of Woodbridge. Lawyers representing the corporation indicated that the business would arise from Chapter 11 bankruptcy and should begin paying out hard cash distributions to victims in the Ponzi plan as soon as the primary quarter of 2019. Learn more
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Chapter seven Bankruptcy: Liquidation. Bankruptcy filing for those who don’t own Significantly assets or other assets. Typically, very little is liquidated because specified belongings are protected in bankruptcy. Chapter 7 bankruptcy would be the the very least sophisticated form of financial debt reduction, and might be done in a few months.