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Pro bono publico, often shortened to “pro bono,” means “for the public good.” Since the start of the legal profession, magnanimous lawyers have engaged in pro bono work to give underprivileged and indigent clients access to equal and fair treatment by the justice system.
In recent years, the pro bono tradition has continued to flourish, a reflection of the true dedication that attorneys have to making a difference in their communities. In spite of the everlasting drive to bill more hours or service more paying clients, many law firms and bar associations enthusiastically support pro bono activities, with some firms even granting credit for the hours spent on such cases.
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There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
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