While Cities Count Slowly To (Chapter) 9
Some of those municipalities may consider what a few years ago was nearly unthinkable: using bankruptcy (or at least the threat of bankruptcy) to break or renegotiate their commitments and to reject their collective bargaining agreements, cutting benefits and compensation for their public safety employees.
Historically, Chapter 9 of the U.S. Bankruptcy Code, which applies to cities, counties and other...
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