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Chapter 9 Municipal Bankruptcy – The New “New Thing”?

Parts I & II

20 Business Law Today (May and June 2011)

"Chapter 9 has entered the conversation again—municipal bond funds have swooned, Congress is considering whether to permit states to seek federal bankruptcy protection, and public employee wages, pensions, and benefits are in the cross-hairs. . . . Chapter 9 is back in vogue as a potential solution to long-term structural imbalances caused by ballooning public employee benefits and flattened revenues."

Article in two parts, reprinted with permission of the American Bar Association.

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