Municipal Insolvency and Distressed Public Debt

Municipal Insolvency and Distressed Public Debt

Overview

We provide pragmatic advice and strategic planning for any client involved in a distressed municipal bond transaction, working closely with our Public Finance Group to develop innovative strategies for each municipal transaction. We represent indenture trustees, institutional debt holders, hedge funds and secured lenders in out-of-court workouts and municipal insolvency proceedings. Our clients are in virtually all industry sectors of municipal investment, particularly health care, infrastructure, hotels, manufacturing, education and housing.

Our notable representations include the representation of the German government as holder of COPs debt in the Detroit bankruptcy case ($175 million) and the bond trustee in a recent chapter 9 bankruptcy case involving a California healthcare district.