Detroit's "Fiscal Cliff" and Michigan's Response
Detroit’s increasingly distressed financial condition has created a dynamic and rapidly evolving situation where the potential of a Chapter 9 filing appears to be the subject of renewed discussion and...
View ArticleMichigan Emergency Manager Bill Signed Into Law
This is a follow up to our recent blog post discussing then pending Michigan legislation known as the “Local Financial Stability and Choice Act” or Public Act 436 (the “Financial Stability Act”), which...
View ArticleConstitutionality of Detroit's Emergency Manager Challenged
Within days of Kevyn Orr’s appointment as Detroit’s Emergency Manager, a group of elected officials, union representatives, civil rights activist and clergy brought a lawsuit against Gov. Rick Snyder...
View ArticlePennsylvania Amends Act 47 to Give the Commonwealth More Oversight and its...
Pennsylvania’s legislature recently approved House Bill No. 1773, an overhaul to its Municipalities Financial Recovery Act, commonly known as “Act 47.” HB 1773 was signed into law by Governor Tom...
View ArticleRevel: To Stay or Not to Stay? Third Circuit Reveals the Answer
On Sept. 30, 2015, the Third Circuit Court of Appeals in In re Revel AC Inc. issued a decision of significance to federal jurisprudence and bankruptcy practice. Hon. Thomas L. Ambro delivered the...
View ArticleFirst Circuit Rules that Bankruptcy Court “Retention of Jurisdiction”...
It is very common for bankruptcy court orders to provide that the court retains jurisdiction to enforce such orders. Similarly, chapter 11 confirmation orders routinely provide that the bankruptcy...
View ArticleDetroit's "Fiscal Cliff" and Michigan's Response
Detroit’s increasingly distressed financial condition has created a dynamic and rapidly evolving situation where the potential of a Chapter 9 filing appears to be the subject of renewed discussion and...
View ArticleMichigan Emergency Manager Bill Signed Into Law
This is a follow up to our recent blog post discussing then pending Michigan legislation known as the “Local Financial Stability and Choice Act” or Public Act 436 (the “Financial Stability Act”), which...
View ArticleConstitutionality of Detroit's Emergency Manager Challenged
Within days of Kevyn Orr’s appointment as Detroit’s Emergency Manager, a group of elected officials, union representatives, civil rights activist and clergy brought a lawsuit against Gov. Rick Snyder...
View ArticlePennsylvania Amends Act 47 to Give the Commonwealth More Oversight and its...
Pennsylvania’s legislature recently approved House Bill No. 1773, an overhaul to its Municipalities Financial Recovery Act, commonly known as “Act 47.” HB 1773 was signed into law by Governor Tom...
View ArticleRevel: To Stay or Not to Stay? Third Circuit Reveals the Answer
On Sept. 30, 2015, the Third Circuit Court of Appeals in In re Revel AC Inc. issued a decision of significance to federal jurisprudence and bankruptcy practice. Hon. Thomas L. Ambro delivered the...
View ArticleFirst Circuit Rules that Bankruptcy Court “Retention of Jurisdiction”...
It is very common for bankruptcy court orders to provide that the court retains jurisdiction to enforce such orders. Similarly, chapter 11 confirmation orders routinely provide that the bankruptcy...
View Article
