Bankruptcy

Recent Posts

Stockton Judge: Pension Obligations Are Not Impervious to Impairment In Chapter 9 Bankruptcy. What Comes Next?
Posted on 17 Oct 2014 by Kelley Drye & Warren LLP

by Ben Feder The perception that public employee pension obligations cannot be impaired in bankruptcy suffered a damaging blow several months ago in the City of Detroit bankruptcy case , and has now been fatally wounded by the recent ruling of Judge... Read More

Despite Earlier Ruling, Stockton Judge Confirms Plan Leaving Pension Obligations Intact
Posted on 7 Nov 2014 by Kelley Drye & Warren LLP

One month ago, Judge Christopher Klein ruled in the city of Stockton, CA bankruptcy case that public employee pension obligations can be impaired in municipal bankruptcy cases under Chapter 9 of the Bankruptcy Code. Last week, however, Judge Klein approved... Read More