Why Financially Distressed School Districts Have Wisely Chosen Not to File Chapter 9 Bankruptcy by James E. […]
MuniNet Guide provides a full collection of facts about, histories of, insights into and analysis of Chapter 9 municipal bankruptcy, including variations in state authorization laws and alternative state intervention approaches. MuniNet Guide also provides information about use of Chapter 9 by number, by year, state and type. Our Top Articles serve both as an introduction to Chapter 9, and as a reference for practitioners and lawmakers.
Historical Trends of Chapter 9 Bankruptcies
by James Spiotto Chapter 9 is generally viewed as the remedy of last resort for troubled municipalities. If permitted […]
by James Spiotto As discussed below, over half of states have implemented municipal debt supervision or restructuring mechanisms […]
by James Spiotto The state legislatures, in considering how best to assist local governments facing financial challenges or […]
By James Spiotto A. Types of municipality debt obligations in Chapter 9: There are various types of voluntary municipal […]
By James Spiotto IN A CHAPTER 9 IN A CHAPTER 11 • Only the municipality can initiate a Chapter 9 if […]
How Safe Are General Obligation Bonds in Chapter 9?
A look a the risks to General Obligation bonds during Chapter 9 proceedings, and the causes of Chapter 9 bankruptcies to be avoided when investing in GO debt.
When Is a “General” Obligation Not a “General Obligation Bond”?
A presentation investigating the the question of political risk in times of austerity. Also, how states and investors can deal with the willingness to pay vs. inability to pay problem.
Lessons Learned from Recent Chapter 9 Bankruptcies and Review of Best Practices
Lessons learned form recent Chapter 9 cases, coverage of debt resolutions mechanisms, and a scorecard of mechanisms for states to address local government financial distress
Municipal Bankruptcy: An Overview for Local Officials (State Budget Solutions, 2013)
Overview of municipal bankruptcy basics and process so that local officials have a framework for which to discuss whether bankruptcy is a viable option.
Chapter 9 – Bankruptcy Basics (United States Courts)
Publication provides basic information for the reorganization of municipalities and the different aspects of Chapter 9 of the Bankruptcy Code.
Municipal Bankruptcy: A Guide for Public Finance Attorneys (National Assoc. of Bond Lawyers, 2011)
Primer on municipal bankruptcy prepared by the Municipal Law Committee and Bankruptcy Project Subcommittee of the NABL for bond practitioners.
Primer on Municipal Debt Adjustment - Chapter 9 Bankruptcy Code (AFGI, 2012)
Primer by James E. Spiotto on municipal debt adjustment under Chapter 9 - Bankruptcy Code, as the last resort for financially distressed municipalities.