The Jobs Now Act was signed into law on February 10, 2013. It purports to create jobs within 18 months by eliminating certain hurdles that delay and impede the process of establishing new businesses or expanding existing businesses in Puerto Rico, allow better access to capital, and provide incentives under Agreements between Eligible Businesses and .
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Today, the United States Bankruptcy Court for the District of Puerto Rico, in a case of first impression in this district, issued the attached opinion and order, concluding that the absolute priority rule applies to individual Chapter 11 debtors. In re Lee Min Ho Chen, Case No. 11- 08170 (BKT), Docket No. 211.
The Jobs Now Act was signed into law on February 10, 2013. It purports to create jobs within 18 months by eliminating certain hurdles that delay and impede the process of establishing new businesses or expanding existing businesses in Puerto Rico, allow better access to capital, and provide incentives under Agreements between Eligible Businesses and .
You can download the PDF below or by clicking here.
Today, the United States Bankruptcy Court for the District of Puerto Rico, in a case of first impression in this district, issued the attached opinion and order, concluding that the absolute priority rule applies to individual Chapter 11 debtors. In re Lee Min Ho Chen, Case No. 11- 08170 (BKT), Docket No. 211.