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To: gunsequalfreedom
Franklin argued that an exit plan that provides full payment of the city’s “massive” pension liability, while paying Franklin a penny on the dollar, cannot be confirmed under the federal bankruptcy code requiring fair treatment of creditors.

The way I read it, is that the ruling is only that the pension can be adjusted...and not what the adjustment will be..

Not a atty, but I once stayed in a Holiday Inn Express...

11 posted on 10/04/2014 11:46:06 PM PDT by Cold Heat (Have you reached your breaking point yet? If not now....then when?)
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To: Cold Heat

I could go with that. Guess we need to wait for a FReeper Atty to chin in.


13 posted on 10/05/2014 12:51:02 AM PDT by gunsequalfreedom (Conservative is not a label of convenience. It is a guide to your actions.)
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