Perspective
Dec. 8, 2012
Chapter 9 to the rescue
It has been reported that Atwater is considering Chapter 9 bankruptcy, and Atwater is not likely to be the last municipality to be faced with such a decision. By Deryck A. Palmer and Samuel S. Cavior
The effects of the recent financial crisis and the ensuing recession continue to take their toll on municipalities in the U.S., which are struggling with reduced revenues at the same time their residents have an increased need for government services. It has been reported that Atwater is considering Chapter 9 bankruptcy, and Atwater is not likely to be the last municipality to be faced with such a decision. Many ...
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