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Partner Craig Barbarosh Quoted in Law360 Regarding the Effectiveness of Chapter 9 of the US Bankruptcy Code

Firm News | September 11, 2014

Craig Barbarosh, a partner in the Insolvency and Restructuring practice, spoke with Law360 in an article addressing the effectiveness of Chapter 9 of the US Bankruptcy Code as a means of municipal restructuring. Craig discussed the settlement of bond insurer Syncora Holdings Ltd., one of the most prominent opponents of the city of Detroit's proposed restructuring plan. Craig stated that the Syncora settlement suggests that "bond insurers are going to fight [future municipal restructurings], and they’re going to hold out for the best settlement." ("Detroit-Syncora Deal Restores Faith In Chapter 9," September 10, 2014)

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