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Bill on Bankruptcy: Detroit Shows Need for Amending Bankruptcy Law  [Video]

Oct. 24 (Bloomberg) -- Detroit's municipal bankruptcy is reason Congress should consider amending Chapter 9 governing municipal debt adjustment, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill...more

Harvey Miller: Detroit Will Be In Bankruptcy "For A Long Time"  [Video]

July 24 (Bloomberg Law) -- Harvey Miller, partner at Weil, Gotshal & Manges, tells Bloomberg Law's Lee Pacchia that Detroit's recently filed Chapter 9 bankruptcy case will not be an easy restructuring. In addition to the...more

The Good and Bad about Bankruptcy for States

Last year, 1.5 million Americans filed for bankruptcy. Some cities and counties had also done so. But what about states? Constitutionally, states cannot file for bankruptcy protection because they are independent sovereigns...more

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