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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


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


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


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


Harrisburg, Pa. files for bankruptcy under Chapter 9
  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • USA
  • October 12 2011

As many are already aware, the City of Harrisburg, Pennsylvania filed a Chapter 9 bankruptcy late Tuesday evening, October 11 in advance of a Pennsylvania state senate vote that may have put the city on the path to a receivership


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


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


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


Holders of "dirt bonds" may lack plan voting rights in developer bankruptcies
  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • USA
  • September 21 2011

In a decision that may have implications for holders of community development district bonds and other similar “dirt bonds,” a Florida bankruptcy court has ruled that holders of community development district bonds do not always have plan voting rights when the underlying developer as opposed to the development district itself is the bankruptcy debtor