In re Pierce County Housing Auth.
Aug
21
2009
Ruling
Public housing authority that was technically insolvent was an eligible chapter 9 debtor.
Procedural posture
Debtor, a public housing authority, filed a petition under chapter 9 and a disclosure statement, and proposed a plan for adjustment of its debts. A group of claimants, a bank, and an unsecured creditors' committee (UCC) filed objections to the debtor's eligibility and its plan. The debtor resolved the objections filed by the bank and the UCC, and the court held a hearing on objections filed by the claimants.
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Court
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