Lots of posts about Detroit and its bankruptcy (here, here, and here for some examples). Anyone who found those interesting (or tedious, it doesn't much matter) might want to look at my observations about a museum bankruptcy over at The Faculty Lounge. In short--and I mean very short--bondholders in this Nebraska case will get 0.0025% of their claims. And will be happy enough for even that.
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About Professor Pryor
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Professor of law, teacher of contracts and subjects | |
| commercial, follower of God—Father, Son, and Holy Spirit—in the Reformed tradition, and curious about why things are the way they seem to be. Graduate of various schools, husband of one, and father of three. | ||
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Integrating Faith and Teaching in the Law of Contracts
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