Bankruptcy is the Last Resort for Troubled Municipalities

TO BE NOTED: From The Bond Tangent:

"Some Historical Background on Municipal Bankruptcies

Here are two excellent interviews with Jim Spiotto at Chapman & Cutler from DerivActiv:

Part 1 - Bankruptcy is the Last Resort for Troubled Municipalities, and

Part 2 - There are a lot of Protections for Bondholders in Chapter 9.

Posted by BT at 10:35 AM"