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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.