Bloomberg Law

Postal Service Fix Requires Congress, Not Bankruptcy

By: Alex Wolf and Louis C. LaBrecque

April 24, 2020

“‘The Postal Service serves this essential function and is set up as this not for profit enterprise,’ said Buchalter PC attorney Valerie Bantner Peo. ‘As a question of bankruptcy law, I think it’s fairly cut and dry that they’re not eligible.'”

[…]

“Any legislative measures designed to reorganize the USPS would have to resemble PROMESA, or some sort of hybrid between Chapters 9 and 11 of the bankruptcy code, said Bantner Peo of Buchalter.”

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