bankruptcy
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Budget Cuts Loom as CPS Fail to Pass a Balanced Budget
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CPS passed a budget with a $500 million gap that gambles on Springfield covering the rest. With over 85 percent of CPS students qualifying for free or reduced price lunches, the last thing city and school officials want to do is take away supportive services.
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The Moral Hazard of Bankruptcy
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A new study finds that Americans use personal bankruptcy as a substitute for traditional health insurance, encouraged by stringent bankruptcy laws.
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Going for Broke: The Benefits of Bankruptcy Protection
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A new study finds that Chapter 13 Bankruptcy increases annual income, decreases five-year foreclosure rates points, and decreases five-year mortality.
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Will Chicago suffer the same fate as Detroit?
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Standard & Poor’s Senior Director Jane Ridley, who serves as S&P’s primary analyst for Detroit, recounts the factors that drove Detroit to bankruptcy and explains why the Windy City is unlikely to go bust.
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Focus on Finance: The Restructuring of Detroit
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Detroit’s leading restructuring professional explains challenges in the largest municipal bankruptcy in US history.
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Municipal CFO Series: Ben Rosenfield, San Francisco
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San Francisco’s Controller discusses the financial implications of public investment in everything from mass transit to sports arenas