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Francis Lawall – Municipalities and Chapter 9 of the Bankruptcy Code

Francis J. Lawall, of Pepper Hamilton, LLP, discusses why historically, there have been so few Chapter 9 filings and how Chapter 9 is different from Chapter 11.  He also outlines many of the common issues in recent Chapter 9 filings and if the limit has been reached in Chapter 9 interest and filings.  Mr. Lawall is co-author of the Collier Monograph, Debt Adjustments for Municipalities under Chapter 9 of the Bankruptcy Code, available from LexisNexis.