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Expert Analysis

Pa. City Ch. 9 Ruling Raises Municipal Financing Concerns

By Lary Stromfeld, Casey Servais and Ivan Loncar ( December 1, 2023, 2:59 PM EST) -- On Nov. 3, the U.S. District Court for the Eastern District of Pennsylvania in the Chapter 9 bankruptcy case of the city of Chester, Pennsylvania, issued its ruling in an adversary proceeding challenging the perfection of the liens securing certain revenue bonds issued by the city.[1]...

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