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Thread: NWA paid bankruptcy counsel five months before Chapter 11 filing
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Old Jun 18, 2006 | 6:21 pm
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fti
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Originally Posted by sany2
I would certainly hope they would have bankruptcy counsel before filing for bankruptcy.

You don't just walk into a courtroom and declare bankruptcy, it takes a lot of legal preparation.
I have read independent sources that say 2-3 months before BK filing is the norm for obtaining legal counsel related to BK. NW did it 5+ months before. FWIW.
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