Bond Insurers Become Active Participants in Chapter 9s

“Municipal bond insurers are becoming increasingly active participants in chapter 9 bankruptcy cases. Many issues affecting the rights and obligations of municipal debtors, especially the relative claims and priorities of retirees, bondholders, and pension creditors, will likely be addressed invarious current high-profile cases. The resolution of these issues undoubtedly will also impact both the rights of bond insurers under existing policies as well as the future contours of the monoline insurance industry.”

Click on the link below to read the full text of the article from the May 2013 issue of Journal of Corporate Renewal published by the Turnaround Management Association.