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BP’s plan, as submitted to the Mineral Management Service, positioned exceedingly low chances on oil reaching land within the occasion of a serious spill.

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No. Other than the Creditor’s Bankruptcy Petition (legal action commenced by creditors), debtors may also institute bankruptcy petitions towards themselves (i.e. Debtor’s Bankruptcy Petition).

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In 2006, Scott West led an investigation of BP following a major oil pipeline leak in Alaska’s North Slope that spilled 250,000 gallons of oil on the Alaskan tundra.

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It is usually “administered” by a private organization that maintains lists of available arbitrators and provide guidelines below which the arbitration can be conducted.

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