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When clients go bankrupt… (access required)

Law firms must be careful to abide by special rules

The boom in bankruptcies means more lawyers are finding themselves on the list of creditors as their clients seek protection from their debts. Like other unsecured creditors, most law offices with bankrupt clients can only wait and hope that, eventually, money will be available to cover at least some of the unpaid legal bills. Unlike tradesmen, ...

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