FOCUS: U.S. CHAPTER 9 BANKRUPTCIES
One Third of All Chapter 9s Dismissed Between 1954 and July 2013
Not all Chapter 9 petitions filed by municipalities end up remaining Chapter 9 bankruptcies. Between 1954 and July 2013, 101 such cases were dismissed while 164 cases were confirmed. Another 36 Chapter 9 cases are in the process of being worked through. Municipal markets have been a source of funding for a greater variety of projects since the 1980s and this has broadened the assortment of Chapter 9 petition types.
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