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How Detroit’s Chapter 9 Case Could Affect New York Municipalities

Paul J. Labov and Dana G. Hefter of Edwards Wildman Palmer explore the Dec. 5, 2013 Eastern District of Michigan opinion (determining that Detroit was eligible to be a Chapter 9 debtor) and analyze the effect it could have on municipalities eligible to file for Chapter 9 protection in New York.

SCOTUS to Rule on Powers of Bankruptcy Judges