With Detroit raising the white flag on Thursday as the largest U.S. city to ever declare bankruptcy, there are lessons to learn from municipalities that have sought Chapter 9 relief in the past.
The National Law Journal spoke with three lawyers who step in when local governments crater, to get their perspectives on the Detroit bankruptcy. All were involved in the Orange County, Calif., bankruptcy, the largest municipal insolvency of its time in 1994.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
