Jefferson County: The Bankruptcy Court Always Wins
On January 6, 2012, Judge Thomas B. Bennett of the Bankruptcy Court for the Northern District of Alabama held that (i) the Alabama state receivership court lost possession and control over Jefferson...
View ArticleJefferson County: To Save A Mockingbird
On March 4, 2012, Judge Thomas B. Bennett of the United States Bankruptcy Court for the Northern District of Alabama held that Alabama law specifically authorized Jefferson County to adjust its debts...
View ArticleJefferson County: “Fear not each sudden sound and shock; Tis of the wave and...
On April 20, 2012, the Supreme Court of Alabama held that Ala. Cod. § 11-81-3 (1975) does not require that an Alabama municipality have prepetition bond indebtedness as a condition of eligibility to...
View ArticleJefferson County: Court Rejects Expansive Carve Out of “Net Operating...
On June 29, 2012, Judge Thomas B. Bennett of the Bankruptcy Court for the Northern District of Alabama held that operating expenses as determined under Jefferson County’s sewer warrants indenture do...
View ArticleStockton: Bankruptcy Court Upholds Municipal Debtor’s Power to Impair Retiree...
On August 6, 2012, Judge Christopher M. Klein of the Bankruptcy Court for the Eastern District of California dismissed a group of retirees’ adversary proceeding and held that under its pendency plan, a...
View ArticleDistressed Investing – 19th Annual Conference
Doug Mintz spoke at the 19th annual Distressed Investing Conference on November 26th. He helped moderate a panel regarding Municipal Debt Restructuring, drawing on his experience in the Jefferson...
View ArticleCalifornia Dreaming? CalPERS Seeks Payment in Full of All Pension Obligations...
California has seen a string of three Chapter 9 filings this year and faces a long line of distressed municipalities. Given this backdrop, the California Public Employees’ Retirement System (“CalPERS”)...
View ArticleUPDATE: Court Rejects CalPERS’ Efforts to Lift Stay In San Bernardino Case
In a ruling predicted by the Restructuring Review Blog last month, Judge Meredith A. Jury of the U.S. Bankruptcy Court for the Central District of California rejected arguments by CalPERS that the...
View ArticleCity of Detroit Files Chapter 9 Bankruptcy Petition – Challenges Ahead
On the afternoon of July 18, 2013, the City of Detroit filed its highly anticipated petition for relief under Chapter 9 of the Bankruptcy Code in the Bankruptcy Court for the Eastern District of...
View ArticleCourt Approves Extension of the Automatic Stay in Detroit’s Chapter 9 Case to...
On July 24, 2013, Judge Steven W. Rhodes of the Bankruptcy Court for the Eastern District of Michigan approved the City of Detroit’s motion to extend the automatic stay to various non-debtor parties,...
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