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This Aspatore legal title provides perspective on the statute that allows municipalities to reorganize under the Bankruptcy Code. Featuring articles by partners from some of the nation's leading law firms, this book guides the reader through the basic principles and factors that any attorney or client venturing into a Chapter 9 case, either in a creditor or debtor capacity, must understand and evaluate before setting forth. The authors explore proven strategies for the Chapter 9 process, including deciphering the filing requirements, weighing the benefits and risks, assembling and confirming a plan of adjustment, and dealing with diverse and inconclusive state laws.