Municipalities in Peril: The ABI Guide to Chapter 9 (2nd Ed.)

Once considered one of the more arcane chapters of the Bankruptcy Code, chapter 9—under which city or local governments may be eligible to file for federal bankruptcy protection and attempt to adjust their debts—is being used with greater frequency across the United States. From the West Coast cities of Stockton and San Bernardino in California to Jefferson County, Alabama, and Harrisburg, Pennsylvania, in the East, the use of chapter 9—often considered a last resort to resolving municipal ...