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In May 2019, the Elizabeth Warren campaign disclosed a list and descriptions of her legal work. In December 2019, the campaign updated this page to include compensation for that work wherever possible. These disclosures include all of the cases Elizabeth Warren worked on that we have been able to identify and all of the income from each case we have been able to determine from public records, Elizabeth Warren’s personal records, and other sources.
Businesses - Variety - Reasons—from - Downturn - Economy
Businesses can fail for a variety of reasons—from a downturn in the economy to liability from a faulty product. Similarly, individuals can be forced into bankruptcy because of sudden job loss or unforeseen medical expenses or because they got cheated by a creditor. Bankruptcy law is about coming up with the fairest outcome possible in a difficult situation and trying to help individuals and businesses get a fresh start.
Despite the intricacies of this area of law, there are some principles that are common, particularly across business bankruptcies. For example, bankruptcy law seeks to preserve as much value as possible. Maximizing the size of the pie often includes finding ways to reorganize failing businesses under new ownership, in order to benefit everyone - workers who rely on those business staying open for their livelihoods, investors, victims of faulty products, and creditors that the business owes money. Bankruptcy law also follows the principle that the people who took the risks and who make the profits if the business succeeds (the investors and owners) should also be the ones who pay the price if the business fails.
Bankruptcy - Process - Law - Issues - Everyone
For the bankruptcy process to work effectively, the law seeks to address all issues and include everyone – creditors, debtors, employees, victims, and even future victims who don’t yet realize they have been injured – at the same time. Addressing everything at once...
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