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Practices » Chapter 9 Municipal Bankruptcies
Municipalities' revenues have declined as a result of the credit crisis. Chapter 9 of the United States Bankruptcy Code allows cities, appraisal districts and hospital districts to file for bankruptcy protection to relieve them from having to make payments on municipal bonds. Our attorneys assist municipalities with restructuring and reorganizing debt and assets to provide relief from the financial obligations that drain your funds. Our goal is to help you continue to provide essential day-to-day services to citizens.