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  • Evan Smiley, a partner specializing in bankruptcy law at the firm Weiland, Golden, Smiley, Wang Ekvall & Strok in Costa Mesa, Calif., and coauthor of Bankruptcy for Businesses, pegs the problems that banks and builders are having on declining land values.A bank???s reaction, mainly out of fear for its own financial health, is to declare default or send the builder notice that the bank doesn???t in
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