I have practiced bankruptcy law for 40 years. Last year, I represented Westfall Twp. when it filed the first municipal bankruptcy case — what is known as Chapter 9 — in Pennsylvania. I have been asked ...

Last year many states and municipalities across our country as well as the elected officials who led them celebrated our nation’s low unemployment, increasing tax revenue and the zenith moments of ...

To the extent authorized by a State, Chapter 9 of the Bankruptcy Code allows municipalities (defined as a “political subdivision or public agency or instrumentality”) of that State – including public ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Daniel Rathburn is an editor at Investopedia ...