No. 19-387
Ambac Assurance Corporation v. Financial Oversight and Management Board for Puerto Rico, et al.
Tags: 11-usc-904 11-usc-922 48-usc-2165 automatic-stay bankruptcy-code debt-enforcement municipal-bankruptcy municipal-debtors special-revenues statutory-interpretation
Key Terms:
Privacy JusticiabilityDoctri
Privacy JusticiabilityDoctri
Latest Conference:
2020-01-10
Question Presented (AI Summary)
Whether 11 U.S.C. § 904 and 48 U.S.C. § 2165 prohibit a bankruptcy court from enforcing the provisions of the Bankruptcy Code against municipal debtors
Question Presented (OCR Extract)
QUESTIONS PRESENTED 1. Whether 11 U.S.C. § 904 and 48 U.S.C. § 2165 prohibit a bankruptcy court from enforcing the provisions of the Bankruptcy Code against municipal debtors. 2. Whether 11 U.S.C. § 922(d)—which creates an exception to the automatic stay of debt enforcement actions during the pendency of bankruptcy proceeding for the “application of pledged special revenues”—mandates that there is no automatic stay of debt enforcement actions with respect to special revenues. (i)
Docket Entries
2020-01-13
Petition DENIED.
2019-12-11
DISTRIBUTED for Conference of 1/10/2020.
2019-12-11
Reply of petitioner Ambac Assurance Corporation filed.
2019-11-25
Brief of respondents Financial Oversight and Management Board for Puerto Rico, et al. in opposition filed.
2019-10-24
Brief amicus curiae of Securities Industry and Financial Markets Association filed.
2019-10-21
Waiver of right of respondent Official Committee of Unsecured Creditors to respond filed.
2019-10-02
Motion to extend the time to file a response is granted and the time is extended to and including November 25, 2019.
2019-09-30
Motion to extend the time to file a response from October 24, 2019 to November 25, 2019, submitted to The Clerk.
2019-09-23
Petition for a writ of certiorari filed. (Response due October 24, 2019)
Attorneys
Ambac Assurance Corporation
Neal Kumar Katyal — Hogan Lovells US LLP, Petitioner
Financial Oversight and Management Board for Puerto Rico, et al.
Martin J. Bienenstock — Proskauer Rose LLP, Respondent
Official Committee of Unsecured Creditors
Neal David Mollen — Paul Hastings LLP, Respondent
Securities Industry and Financial Markets Association