There's an interesting opinion piece in today's The Wall Street Journal "David Skeel: Facing Up to America's Pension Woes" that explores the argument that Chapter 9 federal bankruptcy law does not permit any changes to pension benefits. The author concludes that this argument is most likely wrong, and spells out the legal case made in support and opposed to the argument. The author David Skeel teaches bankruptcy law at the University of Pennsylvania Law School.
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