Bradley advises debtors, creditors, trustees, and other stakeholders regarding municipal entities that are financially distressed. Our comprehensive
service combines the depth, strength, and experience of the firm’s bankruptcy, public finance, governmental affairs, and litigation professionals. We offer
timely, critical advice in complex and highly charged situations in this inherently uncertain area of the law.
As leaders in the field of municipal restructuring, our attorneys have experience with a number of landmark cases. One of our most notable matters entailed
representing Jefferson County in its 2011 Chapter 9 bankruptcy filing – then the largest Chapter 9 bankruptcy in history, involving more than $6 billion in
claims. With the aid of our legal team, the county confirmed its Chapter 9 debt adjustment plan and emerged from bankruptcy in 2013. Through the
restructuring process, the county:
- Cured defaults and reinstated the maturity of approximately $1.4 billion in general obligation debt
- Reduced and refinanced approximately $3.1 billion of special revenue warrants, with an unprecedented public sale of approximately $1. 8 billion in new
debt
- Discharged more than $1.5 billion in disputed or subordinated claims.
