Their Aim Wasn’t True – The NRA And Bad Faith Bankruptcy Filings
Bankruptcy offers a temporary sanctuary for parties seeking relief from a variety of problems - financial crisis, lawsuits, collection actions, repossessions, foreclosure, and pandemics. Filing bankruptcy before a money judgment is entered or on the eve of a foreclosure sale is - often to the consternation of creditors - perfectly valid. Creditors often complain that the debtor is acting in bad faith, and the bankruptcy court should toss the case. Those arguments almost always fail. [...]