Tag: fiscal distress

Another Entrant into Act 47

Does this sound familiar? A city with "year end structural deficits that were addressed by one-time solutions; debt burden in excess of 10% of its

Read More »

Act 47, 48, 49…

As the discussion over whether states should be allowed to declare bankruptcy heats up (they cannot do so now) several states are taking steps to

Read More »

Big Changes to Act 47

That’s true in the case of cities of the third class, a municipal classification that differentiates cities from those of the first class (Philly), second

Read More »

Page Turns to Chapter 9

Whether comparatively easier or very difficult as is now the case, entering Chapter 9 bankruptcy is a huge step with possible unforeseen negative consequences. For

Read More »