Publisher's Synopsis
Municipalities facing fiscal crisis often make difficult choices, attempting to balance their financial obligations with obligations to deliver critical services, such as public safety, education, and health, as well as water, sewer, and transportation. This manual provides an overview of Chapter 9 Federal bankruptcy code laws; the role of bankruptcy code in chapter 9 cases; roles of judges, the state, and other major stakeholders --such as lenders, bondholders, lessors, employees, retirees, trade creditors, and more. It also provides general guidance about municipal accounting practices, budgeting, municipal and revenue bonds, claims process, and the paths for Chapter 9 cases that are reviewed through this Federal court. It also provides an adequate differentiation between Chapter 9 and Chapter 11 bankruptcy court proceedings, and filings.
Bankruptcy attorneys, especially lawyers representing executives, staff, and clients such as public hospitals, transportation districts, public utilities, or public schools and other debtors may be interested in this volume. Students pursuing coursework in bankruptcy law and public administration may also be interested in this volume for research.
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