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Municipal bankruptcy in the time of COVID-19

Ivan Kallick, Randall Keen, Jacob Itzkowitz  |  July 31, 2020

By Ivan Kallick, Randall Keen and Jacob Itzkowitz, includes “… Chapter 9 bankruptcy may provide an option for local governments unable to otherwise survive the economic downturn and may help them more effectively restructure their operations, workforces, and debt. In addition, Chapter 9 may help struggling municipalities restructure their debt and pension obligations. While there are risks associated with filing for bankruptcy as a municipality, these risks may be offset by the benefits in the current and near-future fiscal environment.”

 
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