English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Zendy Plus

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Zendy Tools

Zendy Open

What has happened when a city goes bankrupt? Is the "municipal corporation" dissolved? What stands in its place? Do the creditors take over City Hall and the city's streets and alleys? Can the creditors obtain a lien on the city's primary source of income: taxes? Can the bankruptcy court override the decisions of elected officials regarding taxation and spending? How high must taxes go, how low must services get, and who decides? Who are the residual stakeholders? Can we pierce the municipal "corporate veil?" If we do, who is behind it? What is the role of the state? As these questions suggest, the bankruptcy of a municipal corporation raises fundamental issues regarding the nature of the city, and a study of municipal bankruptcy promises to shed considerable light on the scholarly debate over its legal status. Yet the subject of municipal bankruptcy has received little attention in the legal literature.1 The subject is apparently of too little practical financial importance to attract the attention of bankruptcy scholars (there are, after all, few municipal bankruptcies), but of such daunting technical complexity that it has discouraged serious investigation by local government specialists.2 It is our intention to

When Cities Go Broke: A Conceptual Introduction to Municipal Bankruptcy