Chapter 9: Lessons Learned and What to Disclose
Author: Mark Berman.; Marc A. Levinson.; Scott Richbourg.; Hannah Sullivan.
Source: Volume 34, Number 04, Winter 2014 , pp.27-49(23)
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Abstract:
Although the predicted flood of Chapter 9 municipal bankruptcy cases has not materialized as some had foreseen, there have been several significant Chapter 9 cases in the last few years that have added some measure of guidance. This discussion reviews the major decisions that have been issued in recent Chapter 9 cases and discusses related disclosure considerations from the investor perspective.Keywords: Chapter 9, bankruptcy, bankruptcy and contracts, bankruptcy and bond transactions, Vallejo, Stockton
Affiliations:
1: Nixon Peabody LLP; 2: Orrick, Herrington & Sutcliffe LLP; 3: Build America Mutual Assurance Company; 4: Fidelity Management & Research Company.