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What Municipal Bond Investors Can Learn From Detroit

Law360, New York (November 25, 2014, 4:50 PM EST) -- Bankruptcy Judge Steven Rhodes' Nov. 7, 2014, oral ruling confirming the city of Detroit's Chapter 9 plan of adjustment presents an opportunity for the municipal finance community to reflect on the lessons learned from the case. With a paucity of prior judicial opinions in Chapter 9 cases, each new Chapter 9 case represents an opportunity to add to our body of knowledge....

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