Recent scholarship on Chapter 9 of the Bankruptcy Code has focused on everything from the efficacy of municipal bankruptcy to its intersection with pensioner rights and collective bargaining agreements. However, few (if any) writers have addressed the more intricate question of whether, how, and why certain bondholders have claims superior to other bondholders for scarce municipal assets. This Note seeks to fill that void.
Municipal Bonds in Bankruptcy § 902(2) and the Proper Scope of “Special Revenues” in Chapter 9
Alexander D. Flachsbart
June 9, 2015