Companies Big and Small Face New Restrictions

Summary


Whether they are small retail stores or major publicly traded corporations, businesses will face more restrictions when the new bankruptcy law goes into effect Monday.

The tougher law was one factor that analysts said Delta Air Lines Inc. and Northwest Airlines Corp. considered before filing for Chapter 11 protection from their creditors last week, ahead of the law's effective date.

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Companies Big and Small Face New Restrictions

Business bankruptcies have actually been falling in recent years amid an improving economy, and dropped in 2004 to their lowest level in ...

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