Muni World Needs to Grasp the Basics of Chapter 9
August 30, 2010
Whether or not you are in the camp of those who expect to see increased numbers of municipalities filing for Chapter 9 bankruptcy protection, it is important for every muni bond investor, and those who advise them, to have a basic understanding of the benefits available to a municipality seeking relief under Chapter 9 and the role of creditors in such a case.
The article Muni Investors Need to Grasp the Basics of Chapter 9 written by Otterbourg lawyers, Melanie Cyganowski, Scott Hazan and John Wright, that appeared in The Bond Buyer sets out key features of Chapter 9 that every bond investor should know.