Rediscovering Chapter 9

Even though Chapter 9 of the Bankruptcy Code has been in effect for over 30 years, fewer than 100 cases have been filed during that time. Municipal bankruptcy cases ' or, more accurately, proceedings involving the adjustment of a municipality's debts ' are a rarity, compared with reorganization cases under Chapter 11.

8 minute read April 25, 2008 at 08:36 AM
By
Erica M. Ryland And Mark G. Douglas
Rediscovering Chapter 9

Even though Chapter 9 of the Bankruptcy Code has been in effect for over 30 years, fewer than 100 cases have been filed during that time.

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