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Bankruptcy Law Abuses

NPR's Elaine Korry reports on a growing trend among some companies to file for bankruptcy when they're not really broke. Sizzler International's recent decision to seek protection under the U.S. Bankruptcy Code while boasting of its financial health is the latest example. Sizzler is using the rules of the Code to close some of its less profitable restaurants and legally break leases and fire employees as part of its restructuring.

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