In Re County of Orange

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• observing that “courts have ... applied to chapter 9 cases the judicial reasoning that developed in chapter 11 cases” regarding good faith
• arguing that Section 81(7) of the 1898 Act defined political subdivisions, Section 81(6) defined public agencies and Sections 81(l)-(5) defined instrumentalities
• observing that the “general policy of chapter 9 is to give a debtor a breathing spell from debt collection efforts so it can work out a repayment plan with creditors”
• finding no bad faith where a municipal debtor filed for chapter 9 “to protect its assets and allow it the opportunity to work out an adjustment of its debts in an orderly way”
• “The OCIP had no time to enter into negotiations with its participants before acting to protect its portfolio assets.”
• “The impracticality requirement may be satisfied based on the sheer number of creditors involved.”

Source: CourtListener parenthetical corpus (CC0).