Is Ch. 9 The Next Chapter In The Municipal Saga?

Law360, New York (February 6, 2012, 1:52 PM EST) -- Fallout from the Great Recession continues to figure prominently in world headlines, as governments around the globe struggle to implement or extend programs designed to jump-start stalled economies and attempt to gauge the health of financial institutions deemed "too big to fail" or otherwise critical to long-term prospects for recovery. Amid the mayhem wrought in a broad spectrum ranging from sovereign states to the chronically unemployed, the plight of cities, towns and other municipalities across the U.S. has received a significant amount of media exposure....
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