Although municipal bankruptcy filings are rare, one may anticipate an increase given the status of local municipal finance since the onset of the pandemic. Laura Appleby who is a partner at the firm of Faegre Drinker Biddle & Reath has a focus on bankruptcy and especially municipal bankruptcy. She compares and contrast the filings under Chapters 9, 11 and 7. She also walks us through highlights in the process. Her outreach is targeted to avoiding pitfalls and to impart a greater understanding of the time, effort, and cost of pursuing a filing.
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