And Thereby Hangs a Tale.
No. 737 Once upon a time there was a Little City named Harrisburg that planned to hire one of the most prestigious law firms in the world, the feared Cravath, to handle its Chapter 9 Bankruptcy. The feared Cravath had a stable full of hungry, hungry dinosaurs in grey suits who looked fierce but were […]
Never Heard of Chapter 9 of the Bankruptcy Code? You Will.
Yes, Harrisburg is about to make news. But not in a good way. The City of Harrisburg filed today for protection under Chapter 9 of the Bankruptcy Code. That’s the chapter of the code that provides for reorganization for municipalities. The most famous one was Orange County, California. The filing is in response […]