Ed note: This post originally appeared on Bankruptcy Law Insights. The perception that public employee pension obligations cannot be impaired in bankruptcy suffered a damaging blow several months ago in the City of Detroit bankruptcy case, and has now been fatally wounded by the recent ruling of Judge Christopher Klein in the Chapter 9 case […]
Hazleton, Pennsylvania, is a lovely little town (or so Lat tells me — his aunt used to live there). But it’s not bigger than the federal government or the Constitution of the United States of America. That’s the lesson the Third Circuit handed down today with its decision in the Lozano v. Hazleton case. At […]
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