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Ambac Assurance Corp. v. Financial Oversight and Management Board for Puerto Rico

Petition for certiorari denied on January 13, 2020

Linked with:

Docket No. Op. Below Argument Opinion Vote Author Term
19-387 1st Cir. N/A N/A N/A N/A OT 2019

Issue: (1) Whether 11 U.S.C. § 904 and 48 U.S.C. § 2165 prohibit a bankruptcy court from enforcing the provisions of the Bankruptcy Code against municipal debtors; and (2) whether 11 U.S.C. § 922(d)"which creates an exception to the automatic stay of debt-enforcement actions during the pendency of a bankruptcy proceeding for the "application of pledged special revenues""mandates that there is no automatic stay of debt-enforcement actions with respect to special revenues.

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