In this Special Section from the New York Law Journal, brought to you free by EisnerAmper LLP : "Has the Municipal Bankruptcy Tide Shifted?," "'Circus & Eldorado' Court Rules on 'Bad Faith' for Vote Designation," "Account for Lien Priority and Avoidance Considerations in Bankruptcy" and "Valuing Forbearance in Fraudulent Transfer Actions."
December 03, 2012 at 12:00 AM
1 minute read
Brought to you free by EisnerAmper LLP.
George B. South III and Daniel G. Egan of DLA Piper write: Municipalities facing reductions in tax revenues, lower real estate values, underfunded pension plans, increased operating costs and fraud routinely search for ways to restore financial stability, and Chapter 9 is increasingly being considered as a viable option. Whether it is the best option remains, in many cases, to be seen.
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