(Mobile pdf) The Emergence of State and Municipal Bankruptcies: An In-Depth Look at the Impact of Rising Financial Distress in State and Local Governments (Special Report)






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Due to the recent increase in ailing local and state governments, there has been widespread debate over how many of these entities will eventually end up filing for bankruptcy. Some municipal defaults have already occurred, and although it ultimately failed, there was a proposal to permit states to seek bankruptcy protection. Regardless of how many defaults actually happen, those that do take place will affect every citizen, not just the people who work and invest in th...


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