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How Is Municipal Debt Treated in a Chapter 9 Proceeding? (Priority of Payment)

Mar 1, 2015 | Municipal Bankruptcy

By James Spiotto A. Types of municipality debt obligations in Chapter 9: There are various types of voluntary municipal debt ranging from bond debt sold to the investing public, debt owed to vendors for goods and services in operation of the municipality to cost of...

Chapter 9 (Municipal Debt Adjustment) Is Unlike Chapter 11 (Corporate Reorganization)

Mar 1, 2015 | Municipal Bankruptcy

By James Spiotto IN A CHAPTER 9 IN A CHAPTER 11 • Only the municipality can initiate a Chapter 9 if authorized by state law. • The corporation (voluntary) or its creditors (involuntary) can initiate a Chapter 11 case if the corporation is a moneyed entity (not a...

U.S. Demographic Shifts: Millennials Now Comprise One Quarter of Population

Mar 1, 2015 | Demographics, New & Noteworthy

by Mardee Handler Move over, baby boomers, millennials are taking over the country - and not just when it comes to smart phones and social media. The U.S. Census Bureau recently released a report saying that, as of July 1, 2014, millennials number 83.1 million,...

Month: March 2015

How Is Municipal Debt Treated in a Chapter 9 Proceeding? (Priority of Payment)

Chapter 9 (Municipal Debt Adjustment) Is Unlike Chapter 11 (Corporate Reorganization)

U.S. Demographic Shifts: Millennials Now Comprise One Quarter of Population

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