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Second Edition of ABIs Municipalities in Peril Offers Further Insights into Recent Chapter 9 Cases

Alexandria, Va. — ABI's popular Municipalities in Peril: The ABI Guide to Chapter 9 has been updated to provide a look at recent chapter 9 cases and municipalities in financial distress across the country. Once considered one of the more arcane chapters of the Bankruptcy Code, chapter 9—under which city or local governments may be eligible to file for federal bankruptcy protection and attempt to adjust their debts—is being used with greater frequency. Cities and counties from Stockton and San Bernardino in California to Jefferson County, Ala., and Harrisburg, Pa. have filed for or considered chapter 9 as a way of coping with mounting municipal debts in an era of reduced tax revenue and underfunded pensions. This second edition of Municipalities in Peril: The ABI Guide to Chapter 9 has been revised and updated to include coverage of the latest cases and offers insight into pending actions in such larger urban settings as Detroit. Including a convenient summary of all relevant state statutes, this Guide is a must-have for bankruptcy professionals entering this burgeoning practice area, as well as for municipal finance personnel and counsel seeking detailed information about the fundamental issues of governance, credit and debt adjustment that uniquely surround municipal debt cases. To pre-order the 106-page, softbound manual from the ABI Bookstore, please click here. The roster of experts that contributed to Municipalities in Peril include H. Slayton Dabney Jr. of Dabney, PLLC (Richmond, Va.), Patrick Darby of Bradley Arant Boult Cummings LLP (Birmingham, Ala.), Daniel G. Egan of DLA Piper (New York), Marc A. Levinson of Orrick, Herrington & Sutcliffe LLP (Sacramento, Calif.), George B. South III of DLA Piper (New York) and Emily J. Tidmore of Spotswood Sansom & Sansbury LLC (Birmingham, Ala.). In addition, Mr. Darby is available to talk to the media regarding chapter 9 issues. Members of the press interested in speaking to Patrick Darby should contact ABI Public Affairs Manager John Hartgen at 703-894-5935 or jhartgen@abiworld.org. ### ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes more than 13,000 attorneys, accountants, bankers, judges, professors, lenders, turnaround specialists and other bankruptcy professionals, providing a forum for the exchange of ideas and information. For additional conference information, visit http://www.abiworld.org/conferences.html.