Rochelle on Jefferson County, Yellow Pages, Beechcraft: Audio
Financial Guaranty Insurance Co., which guaranteed about half of the $3.1 billion in sewer bonds sold by Jefferson County, Alabama, is setting up a test case so an appeals court can later lay down comprehensive rules saying how much revenue, if any, can be diverted from paying interest on municipal revenue bonds, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. Next, they look at three companies - SuperMedia Inc., Dex One Corp. (DEXO), Hawker Beechcraft Inc. - and discuss why they are possible candidates for exchange offers or prepackaged bankruptcy reorganizations. Rochelle winds up the podcast with a decision from the U.S. Court of Appeals in New Orleans that's good news for lawyers practicing bankruptcy law.
Running time 12:51