My knowledge of bankruptcy law is pretty limited but if the city is not allowed to go bankrupt wouldn’t they simply stop making payments until someone sued them into bankruptcy?
“wouldn’t they simply stop making payments until someone sued them into bankruptcy?”
It would appear the judge is saying, “come back when you can’t make the payments.” BTW, they have plenty of assets to sell. They haven’t because that would delay filing and they’d lose the money to current debts.
Anything Goes!
There is no stability in law today and the more powerful can make it up as they go along.