After generally surveying the history of municipal bankruptcy legislation in the United States and former chapter IX in particular, an in depth analysis of the new chapter IX provisions is given. The article concludes that the new act, while having several imperfections, will well serve cities overburdened with debt.
Joseph Patchan and Susan B. Collins,
The 1976 Municipal Bankruptcy Law,
31 U. Miami L. Rev.
Available at: http://repository.law.miami.edu/umlr/vol31/iss2/5