Money Crunch: Municipal Debt Coming Due

Chapter 9 Bankruptcy on the Radar By: Laura Day DelCotto Chapter 9 bankruptcy for municipal entities is coming to the forefront. All public officials need to be educated and informed to fulfill their duties as fiduciaries. This is necessary for the public interests of the constituency they serve.  Bond debt

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States in Bankruptcy? Not So Much

The Rarely Used Chapter 9 is Reviewed during Pandemic By: Laura Day DelCotto Mitch McConnell has received much press over a comment he knows to be impossible. States lack the ability to file bankruptcy under the Bankruptcy Code absent a Congressional amendment.  However, in Kentucky, every other type of local

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Municipal Chapter 9 Cases

Open Records/Open Meetings Issues Still Apply By: Laura Day DelCotto Most bankruptcy attorneys (as well as bankruptcy judges) do not normally run up against “open records” laws in the vast majority of their work. Of course, the local government leadership and all public officials are very well versed in proper

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Graphic of nervous piggy bank nearly submerged by water

Municipal Finance: Vulnerable and Distressed

Municipal Finance: Vulnerable and Distressed By: Laura Day DelCotto, Esq. In the July issue of Governing magazine, Publisher Mark Funkhouser astutely notes that money is the “lifeblood” of all cities.  The same day I read his article, the Lexington Herald- Leader front page noted the major declines in city and

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