Bankruptcy Trustee Must Balance Swinging for Home Run Versus Striking Out
It is always better to resolve differences to reduce the strains on the debtor. Think of a business as a rubber band. It can be stretched, twisted, turned and still return to its original shape. If the rubber band is stretched too far by a lender or creditor challenge, it can break.
Are Chapter 9 Filings in South Florida's Future?
Given the budgeting issues facing many municipalities as a result of wage, pension benefit and operational cost increases, and the unwillingness of politicians and voters to approve tax increases, many of Florida's public agencies are vulnerable to a cash flow crisis that could precipitate the need for financial reorganization.
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