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Bankruptcy

: Credit Slips

New Orleans DA's Chapter 9?

By Adam Levitin

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A couple of years ago, it looked like New Orleans itself would have to file for Chapter 9.  Now it might just be the DA's office, which is mulling a rare Chapter 9 filing.  To file for Chapter 9, an entity must be a "municipality," which is defiend as a "political subdivision or public agency or instrumentality of a State."   I guess the local DA's office qualifies.  Interesting game of chicken with the tort plaintiff who was wrongfully convicted of murder.  

Full post as published by Credit Slips on January 12, 2009 (boomark / email).

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