http://www.bernsteinlaw.com/blog/2010/04/pennsylvania-state-law-aka-act-47/ A Business Approach to Legal Service Wed, 02 Nov 2011 20:57:17 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.bernsteinlaw.com/blog/2010/04/pennsylvania-state-law-aka-act-47/#comment-47030 gwen Tue, 19 Jul 2011 06:15:06 +0000 http://www.bernsteinlaw.com/blog/?p=181#comment-47030 I agree with Amanda. This ACT 47 does not give so much help instead it adds burden. Bankruptcy is the result of greediness of the people who have the power over it. If only to serve humanity is what they have in mind, this problem will never exist. I agree with Amanda. This ACT 47 does not give so much help instead it adds burden. Bankruptcy is the result of greediness of the people who have the power over it. If only to serve humanity is what they have in mind, this problem will never exist.

]]> http://www.bernsteinlaw.com/blog/2010/04/pennsylvania-state-law-aka-act-47/#comment-32698 amanda Tue, 05 Apr 2011 05:01:53 +0000 http://www.bernsteinlaw.com/blog/?p=181#comment-32698 When we are talking about bankruptcy in commonwealth municipalities It is worth noting that the Act 47 has been an impediment for those affected municipalities. In this case the piittsburgh municipality it was quite clear that the attempts of restructuring affected municipalities will not bring complete solution to the problem of debts. As Scott Schuster noted that two reasons for Act 47 have to be reconsidered in order to protect the failing municipalities. The first one being discharge of debts, and the Bankruptcy code must be reasonbly changed for the benefit of both corporate debtors and municipalities. Over the years since 2004, the results showed that the system needs to revamped and should be free from policial side. When we are talking about bankruptcy in commonwealth municipalities It is worth noting that the Act 47 has been an impediment for those affected municipalities. In this case the piittsburgh municipality it was quite clear that the attempts of restructuring affected municipalities will not bring complete solution to the problem of debts. As Scott Schuster noted that two reasons for Act 47 have to be reconsidered in order to protect the failing municipalities. The first one being discharge of debts, and the Bankruptcy code must be reasonbly changed for the benefit of both corporate debtors and municipalities. Over the years since 2004, the results showed that the system needs to revamped and should be free from policial side.

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