Judges Pappas and Teel permit avoidance actions for small amounts to be prosecuted in the debtors’ bankruptcy courts.
June 2019
Congress may have intended to preclude ‘stay and pay,’ but it didn’t succeed.
First Circuit interprets chapter 9 and PROMESA to permit but not compel payments to special revenue bondholders during debt arrangement proceedings.
First Circuit bars use of declaratory judgments restricting Puerto Rico’s use of tax revenues.
Curiously, a Ninth Circuit panel imposed significant pleading requirements for FCRA complaints but only issued a nonprecedential opinion.