Chapter 9 Update: Limiting Jurisdiction in Municipal Bankruptcies

New York Law Journal

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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.

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