Franklin Cal. Tax-Free Trust v. Puerto Rico
Jul
06
2015
Ruling
Puerto Rico insolvency law was preempted by § 903 (1).
Issue(s)
Whether § 903(1) of the Bankruptcy Code preempts the Puerto Rico Public Corporation Debt Enforcement and Recovery Act, preventing Puerto Rican utilities from filing an insolvency proceeding under the Puerto Rico law?
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Court
:
Judge or Jurisdiction information not available