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First Circuit won’t allow artful pleading to avoid the automatic stay in municipal bankruptcies.

Over a vigorous dissent, the First Circuit Joins the Ninth Circuit by holding that Section 106(a) waives tribes’ sovereign immunity.

Here’s an example of how state law prevents bankruptcy law from being uniform throughout the U.S.

Employer contributions to Puerto Rico’s retirement system did not qualify as ‘special revenues,’ with the result that bondholders’ liens were cut off on the filing date.

To avoid liability for an underfunded pension plan, the First Circuit describes a structure for investors to employ when buying a sick company

Rulings by the First and Second Circuits ensure that recoveries by a Ponzi scheme trustee will be distributed to all victims, not just those who sue on their own.

First Circuit reverses, upholding the validity of bondholders’ security interests in $2.9 billion of collateral.

In the first opinion at the circuit level, the First Circuit latches onto the lousy drafting of Section 362(c)(3)(A) to end the automatic stay entirely, 30 days after the second filing within a year.

Seven weeks apart, two circuits reach diametrically different conclusions about good faith as a defense to an intentional act that violates the discharge injunction.

First Circuit narrowly applies equitable mootness in a receivership sale.