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Tag Archives: Chapter 11 liquidation plan

IRS, Former Employees Oppose Liberty Medical Bankruptcy Plan

On June 10, the Internal Revenue Service (IRS) alleged that the proposed Chapter 11 liquidation plan of Liberty Medical Supply Inc. restricts the federal agency’s rights to recover funds it is owed. Former employees of Liberty Medical, a provider of supplies for diabetics, have also criticized the plan, which they claim would allow the company […]

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