Bankruptcy Law

The Curious C.D.O. Bankruptcy – New York Times

Stephen J. Lubben is the Daniel J. Moore Professor of Law at Seton Hall Law School and an expert on bankruptcy. Members of David Cameron’s own Conservative Party accused him of doing nothing to stop the European Union from unfairly … Continue reading

City Council in Harrisburg Files Petition of Bankruptcy – New York Times

filed for bankruptcy on Wednesday, a surprise move that was immediately opposed by the mayor and Gov. Tom Corbett, who argued that the filing was illegal under state law. The filing — which listed debts in excess of $400 million, … Continue reading

Harrisburg Files for Bankruptcy on Overdue Incinerator Debt – Bloomberg

and the first by a U.S. state capital since 1980 when the municipal bankruptcy laws were overhauled, said James Spiotto, a partner at Chapman & Cutler in Chicago who tracks such cases. “This was a last resort,” Mark D. Schwartz, … Continue reading

Jerry Brown signs bankruptcy bill into law – Vallejo Times-Herald

Gov. Jerry Brown has signed state legislation spurred by Vallejo’s fiscal crisis that changes how California cities and counties may file for Chapter 9 bankruptcy. The recently amended bill is viewed as a “compromise” between government and …

New law alters local-government bankruptcy process – Los Angeles Times

Local governments will face more hurdles to declaring bankruptcy under a bill signed by Gov. Jerry Brown on Sunday. Under the new law, written by Assemblyman Bob Wieckowski (D-Fremont), cities would have undergo an evaluation from a neutral …