Government
Dec. 29, 2011
Cities face new steps for debt relief
With analysts warning of an impending spike in municipal bankruptcies, a new law taking effect this year will try to blunt the blow to local governments and their creditors.
Daily Journal Staff Writer
With analysts warning of an impending spike in municipal bankruptcies, a new law taking effect this year will try to blunt the blow to local governments and their creditors.
But some say the law adds little in the way of meaningful reform, since it simply formalizes steps that any prudent municipality would take on its path to bankruptcy.
Assembly Bill 506 is designed to act as something of a p...
To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In