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On July 30, 2002, President George W. Bush signed the Sarbanes-Oxley Act of 2002, which contained as one of its component parts the Corporate and Criminal Fraud Accountability Act of 2002 (collectively, the "Sarbanes- Oxley Act"). Pub. L. No. 107-204, 116 Stat. 745. Congress passed the Sarbanes-Oxley Act in response to concerns of the public and Wall Street about accounting irregularities that led to the spectacular failures of several of this country's largest companies.
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Chapter 7 General Information ( August 1999 )
A Chapter 7 is a procedure under the U.S. Bankruptcy Code to obtain Court protection of a person's or business's property, and liquidate assets that the debtor cannot exempt and keep.
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