Balancing the Equities in Municipal Bankruptcies

When it comes to explaining what has prompted the incidence of financial distress being experienced by an increasing number of our nation's cities, perhaps the most persistent and significant cause is a troubled city's obligations to fund substantial pensions for its employees, both retired as well as its active work force.

31 minute readDecember 31, 2014 at 11:00 PM
By
Mark S. Kaufman
Balancing the Equities in Municipal Bankruptcies

When it comes to explaining what has prompted the incidence of financial distress being experienced by an increasing number of our nation's cities, perhaps the most persistent and significant cause

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