The Education of Detroit’s Pension and Bond Creditors
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Detroit
Pension Bond
Creditors
David Arthur Skeel
Issue Brief
Penn Law
Bankruptcy Law
Public Administration
Public Economics
Public Policy
Pension Bond
Creditors
David Arthur Skeel
Issue Brief
Penn Law
Bankruptcy Law
Public Administration
Public Economics
Public Policy
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The Education of Detroit’s Pension and Bond Creditors (https://publicpolicy.wharton.upenn.edu/issue-brief/v2n1.php)
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Abstract
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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2014-01-01