Tag Archives: Chapter 9 Bankruptcy

Restructuring Municipalities… What Creditors Need to Know About Chapter 9 Bankruptcies

With several recent Chapter 9 bankruptcy filings by municipalities in the spotlight, creditors at every level of the capital structure need to be aware of rules and statutes that affect their rights in the insolvency of a municipality. This article addresses the requirements for, and limitations on, municipal bankruptcy filings in New York, New Jersey and Connecticut, the effect of bankruptcies on creditors and results from notable filings.