MPM Attorney Mindy Sunderland weighed in on Senate Majority Leader Mitch McConnell’s suggestion of bankruptcy for cities and states. As reported by WAVE 3, federal law currently does not allow states to file for bankruptcy. In an interview last Wednesday with radio host Hugh Hewitt, McConnell said he would favor changing the law rather than sending states and cities direct federal aid. “It brings up a plethora of issues,” said Sunderland. “I think one of the more significant issues would be pension obligations the state has, and how those would be treated in the bankruptcy?” Read more on WAVE3.com.
Mindy Sunderland’s practice concentrates on banking and finance law, loan workouts, bankruptcy, commercial litigation, commercial real estate, including foreclosure, and matters under the Uniform Commercial Code.