Here - Goodwin Procter LLP
Here - Goodwin Procter LLP
Here - Goodwin Procter LLP
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<strong>Goodwin</strong> <strong>Procter</strong><br />
MUNICIPAL BANKRUPTCY<br />
AND RESTRUCTURING<br />
Municipalities and state governments are in crisis. The prolonged<br />
economic downturn, followed by a weak economic recovery and<br />
exacerbated by the historic unwillingness of local governments to address<br />
legacy liabilities, has led many cities to seriously consider the once<br />
unthinkable prospect of municipal bankruptcy.<br />
The potential impact of municipal bankruptcies reaches far beyond<br />
the municipality itself. Unions, pension funds, bondholders and bond<br />
insurers, as well as vendors and other parties need to understand<br />
municipal bankruptcies and restructurings and how each could affect<br />
their interests.<br />
With this comes a host of legal questions and challenges. <strong>Goodwin</strong><br />
<strong>Procter</strong>’s Public Finance and Financial Restructuring Groups have formed<br />
an interdisciplinary Municipal Bankruptcy and Restructuring Practice to<br />
advise on issues of public finance, restructurings and Chapter 9 of the<br />
U.S. Bankruptcy Code. Our combined experience makes us uniquely<br />
positioned to effectively advise any stakeholder in a municipal bankruptcy.<br />
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