11th Circ. Takes Up Ala. County's Appeal Of Ch. 9 Challenge

Law360, New York (April 23, 2015, 7:50 PM EDT) -- The Eleventh Circuit agreed on Wednesday to examine if sewer ratepayers can undo a central feature of Jefferson County, Alabama’s debt restructuring, a dispute that could clarify under what circumstances dissenting voices can attack a consummated Chapter 9 plan.

In accepting Jefferson County’s petition for appeal, the Eleventh Circuit will consider the viability of a constitutional challenge to the bankruptcy plan that ended what stood at the time as the second-largest municipal insolvency in U.S. history.

Approved in November 2013, the Chapter 9 plan affords the...
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