Ch. 9 Appeals May Open Doors For Distressed Cities

Law360, New York (January 8, 2014, 5:26 PM EST) -- As San Bernardino’s Chapter 9 eligibility ruling heads to the Ninth Circuit and Detroit gears up for its own potential fight, municipal restructuring experts say judges are likely to give the benefit of the doubt to the cities and not the pension funds challenging the bankruptcies.

The anticipated uptick in municipal bankruptcies in the coming year makes it important to cities and towns all over the U.S. — not just already bankrupt cities like San Bernardino, Stockton and Detroit — to have a firm authority on...
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