Alabama Federal Judge: City Of Prichard's Chapter 9 Bankruptcy May Proceed

Alabama Federal Judge: City Of Prichard's Chapter 9 Bankruptcy May Proceed

MONTGOMERY, Ala. - A federal judge in Alabama on May 7 reversed and remanded a decision by a bankruptcy judge and ruled that the City of Prichard, Ala., could file for Chapter 9 bankruptcy, based on a recent decision by the Alabama Supreme Court (In Re: City of Prichard, Alabama,  No. 10-00622, Chapter 9, S.D. Ala.; 2012 U.S. Dist. LEXIS 64362).

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