Detroit Faces Challenges to Eligibility for Bankruptcy Relief

September 27, 2013 – Bloomberg BNA's Bankruptcy Law ReporterStephen Selbst

Stephen Selbst, co-chair of Herrick's Restructuring & Finance Litigation Department, authored the article "Detroit Faces Challenges to Eligibility for Bankruptcy Relief" in the September 27th, 2013, 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.

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Detroit Faces Challenges to Eligibility for Bankruptcy Relief

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