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BRIC's bid, which would maintain only the mining enterprise, will function a backup bidder in the event that the Fahrenheit or NovaWulf bids fall short to acquire regulatory approvals.
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A foreclosure would be the lawful course of action wherein the home loan lender or judgment lienholder forces the sale of a home by auction to either have the remarkable stability paid by the foreclosure buyer or will take back the title for the property.
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He stated a Chapter 11 bankruptcy reorganization would assure “a good and equitable final result for survivors” and permit the church to continue its perform.
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SNAP, a survivors’ community for clergy sex abuse victims, criticized the bankruptcy filing, contacting it a ploy to help keep information and facts hidden. In a press release, it stated the Oakland diocese could sell off property to compensate victims.