In his Bankruptcy Practice column, John J. Rapisardi, a partner at Cadwalader, Wickersham & Taft, writes that the decision in 'Stockton II' should serve as a reminder that chapter 9 debtors will have to account for their actions during the chapter 9 case on the 'day of reckoning,' which will occur at the time that confirmation of a plan of adjustment is sought.
Chapter 9 Update: Limiting Jurisdiction in Municipal Bankruptcies
New York Law Journal
March 7, 2013
This article requires premium access
This article requires premium access to The New York Law Journal. Please sign in or subscribe to read the full text.