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This chapter does not limit or impair the power of a State to control, by legislation or otherwise, a municipality of or in such State in the exercise of the political or governmental powers of such municipality, including expenditures for such exercise, but—
(1) a State law prescribing a method of composition of indebtedness of such municipality may not bind any creditor that does not consent to such composition; and
(2) a judgment entered under such a law may not bind a creditor that does not consent to such composition.
Your trusted source for original insolvency articles and legislative updates.
| Article | Date |
|---|---|
| The Looming Chapter 9 Battle over State Protection of Vested Public Employee Pension Benefits | 10/31/2013 |
| Puerto Rico’s Muni Restructuring Law Ruled Unconstitutional | 08/31/2015 |
| Puerto Rico's Extraordinary Case | 09/30/2014 |
| A Pathway to State Bankruptcy | 09/30/2011 |
| Municipalities May Reject CBAs | 09/30/2009 |
Timely summaries of court of appeals and bankruptcy appellate panel decisions.
| Case | Decided |
|---|---|
| Franklin CA Tax-Free Trust v. Commonwealth of Puerto Rico | 12/03/2025 |
Bankruptcy-related opinion summaries provided by partner LexisNexis® Collier.
| Case | Decided |
|---|---|
| Puerto Rico v. Franklin Cal. Tax-Free Trust U.S. | 06/12/2016 |
| Franklin Cal. Tax-Free Trust v. Puerto Rico | 07/05/2015 |
| In re City of Stockton | 02/03/2015 |
Quality educational content from all ABI conferences.
| Article | Date |
|---|---|
| Supreme Court Review: Recent Decisions and Their Potential Implications for Bankruptcy Lawyers | 11/27/2023 |
| Municipal Bankruptcies | 05/15/2019 |
| Municipal Bankruptcies | 05/17/2018 |
| International Insolvency Regimes at a Crossroads: Choosing a Direction for Insolvency Law Reform | 11/27/2017 |
| A Unique Peek Inside Municipal Bankruptcy Cases | 07/24/2017 |
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