Detroit's Ax Avoids Pensions

Investor's Business Daily
April 2014
Investors Business Daily;4/29/2014, pA01
3 The bankruptcy looks likely just to trim the edges of Detroit's pension and other legacy liabilities. Stockton, Calif., is also leaving pensions untouched in its own plan. These cases raise doubts about whether the municipal bankruptcies will accomplish their goal of putting cities on a sound footing. Vallejo, Calif., may soon re-enter bankruptcy because it avoided major cuts.


Related Articles

  • Bankruptcies in Alaska: A Significant Decline. Spohn, Kari // Alaska Business Monthly;Aug2006, Vol. 22 Issue 8, p95 

    The article reports on the bankruptcies filed in Alaska in 2006 which showed a decrease of almost 62 percent. A large number of Alaska's bankruptcy filings occurred in Anchorage. Fairbanks also reported a significant decrease in the number of bankruptcies filed. Majority of the filings are...

  • SUFFERING FROM... REPUTATION BANKRUPTCY. Kirwan-Taylor, Helen // Management Today;Oct2010, p15 

    The article offers information on the concept reputation bankruptcy, which is increasingly becoming a status of modern time.

  • There appears to be no bright spot for city. Crain, Keith // Crain's Detroit Business;11/19/2012, Vol. 28 Issue 48, p0008 

    In this article the author says that the city Detroit, Michigan is heading towards bankruptcy. He says that no one knows how dire it will be once bankruptcy is determined. The author also says that the whole ordeal is frustrating to everyone, who have watched the city spiral out of control for...

  • ASM seeks bankruptcy changes.  // Super Review;Feb2007, Vol. 21 Issue 1, p4 

    The article reports that the Association of Superannuation Funds of Australia (ASFA) is seeking to revise portion of the Bankruptcy Act in Australia. In a petition submitted before the Senate Legal and Constitutional Affairs Committee, ASFA proposed to Australian legislators to change the Acts...

  • Chapter 11.  // Bloomsbury Business Library - Business & Management Dictionary;2007, p1484 

    Information on the Chapter 11 is presented. It refers to the U.S. Bankruptcy Reform Act (1978) that entitles enterprises experiencing financial difficulties to apply for protection from creditors and thus have an opportunity to avoid bankruptcy.

  • Predicting Business Failures in Canada. Boritz, J. Efrim; Kennedy, Duane B.; Sun, Jerry Y. // Accounting Perspectives;2007, Vol. 6 Issue 2, p141 

    Empirical researchers and practitioners frequently use the bankruptcy prediction models developed by Altman (1968) and Ohlson (1980). This poses a potential problem for practitioners in Canada and researchers working with Canadian data because the Altman and Ohlson models were developed using...

  • Pension Plan Loans and Means Testing - The Pernicious Endurance of Villarie. Bartell, Laura B. // American Bankruptcy Law Journal;Winter2013, Vol. 87 Issue 1, p89 

    The article focuses on the U.S. court case New York City Employees' Retirement System v. Villarie, which dealt with the nondischarability of pension loans when a pension administrator files bankruptcy. Topics include the adverse tax consequences that come from nonpayment of pension loans and the...

  • Firms see $$$ in clients' Ch. 11 filings. Milicia, Joe // Marketing News;6/10/2002, Vol. 36 Issue 12, p8 

    The article reports on the rise in cases of business bankruptcy in the U.S. Business bankruptcy filings were up nearly 12% in 2001 after hitting a 20-year low in 2000. Chapter 11, the most common form of bankruptcy, allows a company to reorganize its finances without the threat of creditors'...

  • Governmental Entities: The Disenfranchised Creditors. TELSER, ESTHER E. TRYBAN // ABI Journal;Dec2012/Jan2013, Vol. 31 Issue 11, p16 

    The article discusses governmental entities under most sections of the U.S. Bankruptcy Code. It is said that debtors and their counsel do report debt owed to governmental entities. Governmental entities are treated as any other creditor, under most sections of the Bankruptcy Code. Most U.S....


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics