Municipalities in Distress? How States and Investors Deal with Local Government Financial Emergencies

Chapman and Cutler LLP
September 2016

The second edition of Jim Spiotto and Ann Acker's book (co-authored with Chapman and Cutler LLP Partner Laura Appleby) is a valuable resource for municipal debt marketplace participants, including state and local government officials, municipal credit analysts, credit enhancers, investors, legislators, and administrators.

The expanded second edition serves as a comprehensive guide for best practices and rights and remedies available on a state-by-state and comparison basis. Given the global and U.S. attention to governmental distress in the last few years, over 150 new pages have been added to the second edition. Updates to the second edition include:

To purchase the book, please see

The book is a widely-cited resource in the municipal finance industry and has been covered by Bloomberg's Municipal Market Television and The Bond Buyer.