Bankruptcy Law

Stockton bankruptcy puts legal limits to test – USA Today

“This is a big test case,” says University of Pennsylvania law professor David Skeel. “The conventional wisdom has been until very recently that you can’t touch retirement benefits or labor contracts in bankruptcy court. That conventional wisdom …

United States: Customer Filing For Bankruptcy In The Near Future – Mondaq

Dodd-Frank And Bankruptcy Law (Buchalter Nemer) This article is the second in a series discussing the Dodd-Frank Wall Street Reform and Consumer Protection Act. District Court for the Southern District of New York Reaffirms Extraterritorial Effect of the …

Stockton bankruptcy will make history; residents reeling – Los Angeles Times

The city stopped making bond payments, and City Manager Bob Deis said he expected to file bankruptcy papers immediately. Stockton has been in negotiations with its creditors since late March under AB 506, a new California law requiring mediation …

Stockton, Calif., To File For Bankruptcy, Becoming Largest U.S. City To Go Broke – International Business Times

“This is a big test case,” University of Pennsylvania law professor David Skeel told USA Today. “The conventional wisdom has been until very recently that you can’t touch retirement benefits or labor contracts in bankruptcy court. That …

Mediation Fails, Pushing Stockton Toward Bankruptcy – New York Times

Bankruptcy experts and officials at other fiscally wounded cities are keeping close tabs on Stockton as it unravels. “Everyone is watching,” said Karol K. Denniston, a partner at the law firm Schiff Hardin who helped draft the AB 506 legislation.

California city to become largest to file bankruptcy – CNN

that’s not enough to balance the budget.” The city council approved the pendency plan on a 6-1 vote, meaning Stockton will file for protection under Chapter 9 federal bankruptcy laws before Sunday when the new fiscal year begins. The plan … Continue reading

Stockton Bankruptcy ‘Only Choice Left,’ City Manager Says – Businessweek

“We think Chapter 9 protection is the only choice left,” City ManagerBob Deis told the City Council, referring to the section of federal bankruptcy law applicable to the municipality. Stockton, a river port about 80 miles (130 …

Stockton to declare record-breaking bankruptcy – CBS News

Deis said officials were unable to reach an agreement to restructure hundreds of millions of dollars of debt under a new state law designed to help municipalities avoid bankruptcy. “This is the most difficult and heart-wrenching decision that we …

June 2012: Bankruptcy & Restructuring Update – jdsupra.com

Statek Corporation v. Development Specialists, Inc., Plan Administrator for Coudert Brothers LLP: The Second Circuit recently shed light on how bankruptcy courts should apply choice-of-law rules to state law claims. In Statek Corporation v. Development …

The San Diego Bankruptcy Lawyers at the Golden State Law Group Offer Free Initial Consultation to Consumers Who Need Bankruptcy Protection but Have Not Filed – msnbc.com

SAN DIEGO, Calif., June 27, 2012 (GLOBE NEWSWIRE) — via PRWEB – The San Diego bankruptcy attorneys at the Golden State Law Group, a law firm that provides help for consumers and businesses who are struggling financially, hereby announces that … Continue reading