Beware: Chapter 9 Is Not Just for Cities and Counties

Chapter 9 deals with bankruptcies of municipalities. The Bankruptcy Code's definition of a municipality is not limited to cities and counties. Here's what it means.

20 minute read August 23, 2013 at 12:01 PM

Charles M. Tatelbaum

Beware: Chapter 9 Is Not Just for Cities and Counties

With the recent filing of the Chapter 9 proceeding by the city of Detroit, public attention has been drawn to this little-known provision of the U.S. Bankruptcy Code.

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