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Case 05-21207 Document 10567 Filed in TSB on 03/19/09-Page 1 of 41 THE UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF TEXAS CORPUS CHRISTI DIVISION In re:))))) MARCO LLC, et al. Debtors.
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A consent decree is a legal agreement that resolves a dispute between two parties without admission of guilt or liability. A settlement is a resolution reached by parties involved in a legal dispute.
Parties involved in a legal dispute who have reached an agreement are required to file a consent decree and settlement.
Consent decree and settlement can be filled out by detailing the terms of the agreement reached, signatures of all parties involved, and any additional requirements outlined by the court.
The purpose of a consent decree and settlement is to avoid a lengthy legal battle and reach a resolution that is agreeable to all parties involved.
Information such as the terms of the agreement, signatures of all parties involved, date of agreement, and any additional requirements outlined by the court must be reported on a consent decree and settlement.
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