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Pennsylvania amends Act 47 to give the Commonwealth more oversight and its municipalities less time to reorganize

  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • -
  • USA
  • -
  • November 7 2014

Pennsylvania's legislature recently approved House Bill No. 1773, an overhaul to its Municipalities Financial Recovery Act, commonly known as "Act 47

Municipal bankruptcies

  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • -
  • USA
  • -
  • September 17 2013

Bill Kannel discusses the prerequisites for municipalities looking to file Chapter 9 bankruptcy

Michigan emergency manager bill signed into law

  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • -
  • USA
  • -
  • January 2 2013

This is a follow up to our recent blog post discussing then pending Michigan legislation known as the "Local Financial Stability and Choice Act" or Public

Abound solar bankruptcy

  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • -
  • USA
  • -
  • July 22 2012

Officials from Abound Solar Manufacturing told the House Oversight and Government Reform Subcommittee on Regulatory Affairs, Stimulus Oversight, and Government Spending July 18 that inexpensive solar panel imports from China led the manufacturer to file for bankruptcy July 2 after receiving a Department of Energy loan guarantee

Court dismisses public pension fund's bankruptcy case

  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • -
  • USA
  • -
  • June 13 2012

In our May 24 entry on this topic, the Northern Mariana Islands Retirement Fund (the “Fund”) was battling numerous challenges to its Chapter 11 eligibility

Financial services legislative and regulatory update - December 19, 2011

  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • -
  • USA
  • -
  • December 19 2011

In what now accounts for standard operating procedure, the past week saw a flurry of last minute activity, as the threat of having to stay in Washington, DC for the week before Christmas appeared to provide the leverage necessary for Congress to finish up much of its end of the year business

Harrisburg City Council responds to objections to Chapter 9 eligibility

  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • -
  • USA
  • -
  • November 15 2011

As expected the Harrisburg City Council has filed a reply to the numerous objections to the Chapter 9 filing of Harrisburg initiated by the City Council

Court rules City of Harrisburg can pay pre-petition amounts to ordinary course vendors

  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • -
  • USA
  • -
  • November 3 2011

The bankruptcy court in the City of Harrisburg's Chapter 9 proceeding held a hearing on Tuesday, November 1 on the Mayor’s motion for an order clarifying that the City had the ability to pay its debts in the ordinary course

Objections filed in Harrisburg Chapter 9 bankruptcy

  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • -
  • USA
  • -
  • October 30 2011

As expected a number of objections to the Chapter 9 bankruptcy petition filed by the Harrisburg city council were filed on Friday October 28, the deadline set by the Bankruptcy Court for such objections

Harrisburg Chapter 9 status conference highlights eligibility issues

  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • -
  • USA
  • -
  • October 17 2011

The Bankruptcy Court held a status conference in the Harrisburg Chapter 9 earlier today