When municipalities declare bankruptcy, the fate of public employees’ pensions and other post-employment benefits (OPEB) are almost always one of the most contentious issues that need to be settled.
Lawrence A. Larose, partner at Norton Rose Fulbright who leads the firm’s municipal restructuring practice, discusses municipal finance and how it differs from corporate finance from a bankruptcy perspective.
Municipalities facing fiscal crisis often must make difficult choices, attempting to balance their financial obligations with obligations to deliver critical services, such as the provision of public safety, education, and health, as well as water, sewer, and transportation services.
This repository of materials was developed as a companion to the manual,Navigating Chapter 9 of the Bankruptcy Code, to provide courts with examples of case documents and other resource materials related
Marc A. Levinson, a senior counsel in the Restructuring Group at Orrick, Herrington & Sutcliffe LLP, discusses the differences between Chapter 9 and Chapter 11 bankruptcies.
Three clerks of court share their courts’ experiences with Chapter 9 cases. In a practical and less formal manner, these commentaries supplement material presented in the Navigating Chapter 9 of the Bankruptcy Code.
This page includes links to several videos about the Chapter 9 process and the purpose of the manual, Navigating Chapter 9 of the Bankruptcy Code. Additional videos will be added over time, including one about municipal f