Out-Of-Court Municipal Restructuring Will Rise, Experts Say

Law360, New York (February 7, 2014, 5:04 PM ET) -- While Detroit’s bankruptcy has caught the attention of financially strapped municipalities nationwide, experts said Friday that it’s more likely that out-of-court restructurings are going to balloon, not Chapter 9 petitions, especially since there is so little case law on hot-button issues such as pension liabilities.

Bankruptcy and restructuring experts sitting on a panel to discuss Chapter 9 trends at the TMA Distressed Investing Conference in Las Vegas Friday said while a bankruptcy judge’s rulings in Detroit’s case have been generally friendly toward the city, it’s unlikely...
To view the full article, register now.

Dewey Verdict Watch

Follow our exclusive coverage of the trial of the year:

Click here for the latest