I have practiced bankruptcy law for 40 years. Last year, I represented Westfall Twp. when it filed the first municipal bankruptcy case — what is known as Chapter 9 — in Pennsylvania. I have been asked ...

Last year many states and municipalities across our country as well as the elected officials who led them celebrated our nation’s low unemployment, increasing tax revenue and the zenith moments of ...

California has seen a string of three Chapter 9 filings this year and faces a long line of distressed municipalities. Given this backdrop, the California Public Employees’ Retirement System (“CalPERS” ...

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