Municipal Bankruptcy and Default

Commentary: Just Wipe Out Public Debt! — Not a Solution for Puerto Rico or Anyone Else

- by James Spiotto With the end of the flurry of Congressional activity over impeachment, followed by a general yearning for the end to partisan conflicts, we now look to this year and what issues can be addressed before the national election. There remain lingering...

What Illinois Can Learn From the Supreme Court of Rhode Island and Even Puerto Rico About Public Pension Reform

By James E. Spiotto The U.S. Supreme Court and virtually all state courts have recognized what the Rhode Island Supreme Court recently reaffirmed: insurmountable, unaffordable government contractual obligations for public pensions must be capable of reasonable and...

Congress’s Role in Saving Puerto Rico from Financial Meltdown and Imminent Bankruptcy

by James Spiotto On December 1, 2015, the United States Senate Committee on the Judiciary held a hearing on whether and how best to assist Puerto Rico and its related municipalities and public corporations now facing severe financial challenges and economic distress....

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