Detroit Faces Challenges to Eligibility for Bankruptcy ReliefSeptember 27, 2013 –
Bloomberg BNA's Bankruptcy Law Reporter
Stephen Selbst, Chair of Herrick's Bankruptcy Practice Group, authored the article "Detroit Faces Challenges to Eligibility for Bankruptcy Relief" in the September 27th edition of Bloomberg BNA's Bankruptcy Law Reporter. The City of Detroit's bankruptcy filing, at approximately $18 billion in debt, ranks as the largest Chapter 9 ever filed. Although the case is still in its early days, a battle has developed over whether the City qualifies for relief under Chapter 9 and whether Chapter 9 is constitutional.