One month ago, Judge Christopher Klein ruled in the city of Stockton, CA bankruptcy case that public employee pension obligations can be impaired in municipal bankruptcy cases under Chapter 9 of the Bankruptcy Code. Last week, however, Judge Klein approved
Continue Reading Despite Earlier Ruling, Stockton Judge Confirms Plan Leaving Pension Obligations Intact
plan of adjustment
Detroit’s Proposed Plan of Adjustment – Two Crucial Questions
The chapter 9 bankruptcy case of the City of Detroit has been as complex and litigious as anticipated. Nevertheless, Emergency Manager Kevyn Orr has kept plodding forward, and last week filed a proposed plan of adjustment, the road …
Continue Reading Detroit’s Proposed Plan of Adjustment – Two Crucial Questions