Bankruptcies, defaults, and other local government financial emergencies by United States. Advisory Commission on Intergovernmental Relations.

Cover of: Bankruptcies, defaults, and other local government financial emergencies | United States. Advisory Commission on Intergovernmental Relations.

Published by The Commission in Washington, D.C .

Written in English

Read online

Subjects:

  • Municipal finance -- United States.,
  • Municipal default -- United States.,
  • Municipal bankruptcy -- United States.

Edition Notes

Book details

StatementAdvisory Commission on Intergovernmental Relations.
The Physical Object
FormatMicroform
Paginationvii, 55 p.
Number of Pages55
ID Numbers
Open LibraryOL17676201M

Download Bankruptcies, defaults, and other local government financial emergencies

Get this from a library. Bankruptcies, defaults, and other local government financial emergencies. [United States. Advisory Commission on Intergovernmental Relations.]. Local financial emergencies are events that affect the economic viability and long-term financial capability of a local government as a going concern because of deteriorating resources, inability.

The city of Stockton, Calif., populationis paving the way for a court filing that would make it the largest US city ever to enter bankruptcy.

Stockton got. Page 3 of 40 Chapter of the U.S. Bankruptcy Code Business debtors file under Chapter 7 or Chapter In contrast, municipal debtors are only permitted to file under Chapter 9,12 a. The rising number of retail bankruptcies comes as consumers are making more purchases online, and shifting their spending toward travel and other experiences.

Cancellation of debt (COD) occurs when a creditor relieves a debtor from a debt obligation. Debts forgiven by a creditor are taxable as income. A collection agency is a company used by lenders to recover funds that are past due, or from accounts that are in default.

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