Penn Wharton Public Policy Initiative

Publication Date

1-2014

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Volume

2

Number

1

Document Type

Brief

Summary

Detroit filing for bankruptcy had significant implications for people beyond the residents of the city. There were consequences for pension beneficiaries and bondholders that call into question the laws that protect pension and bond creditors during municipality financial distress. The future of municipal governance actually would be brighter if pensions and government obligation bonds can be restructured, at least a little, in bankruptcy.

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This work is licensed under a Creative Commons Attribution-Noncommercial 4.0 License

Keywords

Detroit, Pension Bond, Creditors, David Arthur Skeel, Issue Brief, Penn Law

The Education of Detroit’s Pension and Bond Creditors

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