On January 9, 2019, California Attorney General Xavier Becerra filed a motion with the U.S.
USA, California, Healthcare & Life Sciences, Insolvency & Restructuring, Litigation, Sheppard Mullin Richter & Hampton LLP, US District Court for Central District of California, United States bankruptcy court
The good news is that public works construction projects for municipalities are projected to remain a major sector of construction activity for the foreseeable future. The not-so-good news is that municipal bankruptcy filings are on the rise, and they are likely to increase. The issues facing parties under contract with a municipality when it files for bankruptcy protection are playing out nationally in places like Stockton, California, and Detroit, Michigan.
USA, Insolvency & Restructuring, Projects & Procurement, Duane Morris LLP, Bankruptcy, Title 11 of the US Code