Municipal Debt Restructuring - Get the Facts

The following testimony and supporting documentation was provided to members of the Cities & Villages Committee on Tuesday, May 8 during a subject matter hearing on HB 5644, legslation introduced and sponsored by Representative Jeanne Ives, R-Wheaton:

Chapter 9 bankruptcy option for municipalities
Testimony of Mr. Mark Glennon, Founder and Executive Editor, Wirepoints, Inc.

Is Chapter 9 Bankruptcy the Ultimate Remedy for Financially Distressed Municipalities: Are There Better Resolution Mechanisms?
Testimony of James E. Spiotto, Co-Publisher of

Testimony of the Honorable Scott Eisenhauer, Mayor of Danville

Beyond Harvey: Many Illinois municipalities running out of options
Wirepoints Special Report by Ted Dabrowski and John Klingner

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