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The Kolkata bankruptcy courtroom, that has inexperienced shutters and fake classical pillars out entrance, is tucked powering the city’s imposing early nineteenth-century town corridor. Acting court docket officer Sibulal Majumdar, a 22-yr veteran of your tribunal who goes by Sibu, exhibits me around. He states sixty folks work in its peeling corridors, including housekeeping workers and clerks to administrative assistants.
A Chapter thirteen bankruptcy is usually a legal Device which allows debtors to create and stick to a sensible personal debt payment strategy. Once you file for bankruptcy below both Chapter thirteen or underneath Chapter seven, an order for reduction – an “computerized stay” – goes into impact.
Lawyers and their juniors fill the upstairs tribunal place, the place this early morning’s long list of issues is going to be read. If your advocates look relaxed, it’s simply because almost all of the plastic and nylon chair backs have collapsed.
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Harry Markopolos, a monetary analyst and securities fraud investigator, spent a long time warning the SEC about Madoff’s fraudulent plan, only to become disregarded by the agency.
One of those judges Beforehand worked since the archdiocese’s common counsel and is particularly married into a previous US senator, David Vitter. A 2nd has served on a nonprofit which supports a lot of archdiocesan best site ministries, and An additional has acknowledged a job in driving-the-scenes media relations strategies that executives in the Countrywide Football League’s New Orleans Saints team helped the archdiocese mount soon after notable media reporting on church sexual abuse situations in 2018 and 2019.
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