Detroit: A Guide to Chapter 9 of the Bankruptcy Code
- Wednesday, 08/14/2013
It has been just over three weeks since Detroit filed for Chapter 9 protection in federal court. The filing started what may be a one to two month long process to determine the city’s eligibility and number of claimants who may be able to access any settlement resource that may become available.
So what is Chapter 9 bankruptcy, and, how is it different from bankruptcy in the corporate world? I discovered the following resource that may help answer many of your questions.
A Guide to Chapter 9 of the Bankruptcy Code::
This has been republished with permission from the authors Judith Greenstone Miller and Paul R. Hage, Partners, Jaffe Raitt Heuer & Weiss, P.C. ("Jaffe").
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