One effect of the recent recession is a heightened focus on past overspending by municipalities that now face some tough financial choices.
Municipal Bankruptcy: Coming Soon to a Court Near You
As tax revenues have declined in the face of falling incomes, sales and property values, more cities small and large have disclosed that resort to Chapter 9 of the Bankruptcy Code, the municipal bankruptcy law, has made it onto their agendas.
By
Richard Lapping And Sarah TrumThis premium content is locked for The Bankruptcy Strategist subscribers only
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