Bankruptcy laws have been used to help reach settlements in major product liability lawsuits.By using financial projections to show that contingent claims against the company jeopardize its existence, agreements are reached, partially satisfying claimants, and allowing the firm to continue operating.

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Bankruptcy laws have been used to reach settlements in major product liability lawsuits by showing how the claims could threaten the company's survival, allowing the firm to continue operating while partially satisfying claimants.

Bankruptcy Laws Have Been Used to Help Reach Settlements in Major