Scarinci Hollenbeck’s Bankruptcy and Creditors' Rights practice group regularly provides content on municipalities. Our content provides insight on dealing with township and municipality bankruptcy issues.
Detroit’s Bankruptcy Directs To Major Pension Funding Crisis
After the largest municipal bankruptcy filing in U.S. history, the Detroit government is struggling for a solution to make payments on what is consdiered a major pension funding crisis. While the $18 billion debt sent the city into a free fall to insolvency, there is now a growing concern about unfunded pensions for retirees and […]