It is unlikely that when Philip Wylie and Edwin Balmer co-authored “When Worlds Collide” 80 years ago, they were envisioning the growing wave of distressed municipalities and publicly financed projects, and the resulting collision between two heretofore separate and distinct worlds: that of public finance (where collection was simply not much of a consideration) and the insolvency world (where collection is the primary consideration).
When Worlds Collide
Until recently, the public finance world simply did not experience significant defaults. Until now. A look at recent litigation.
By
Karen Grande, John Whitlock, Steven B. Smith And Theodore OrsonThis premium content is locked for The Bankruptcy Strategist subscribers only
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