Chapter 9 and Alternatives - Part One: Lessons Learned: An Update on the Municipal Bankruptcy Experience
In this article, Jim Spiotto writes that states can play an essential role in preventing municipal bankruptcy if they recognize the importance early intervention in financially distressed municipal entities. Jim’s article, published by MuniNet Guide, examines the history of municipal financial distress and finds that states with mechanisms for assistance or oversight – such as requiring approval to file Chapter 9 from a state agency – will be more effective in mitigating financial distress and preventing municipal bankruptcies. The article is the first of a three part series entitled “Chapter 9 and Alternatives.”
Click here to read the article on MuniNet Guide.