This could include a school district or other entities which have a municipal affiliation and the ability to generate revenue from local taxes. They cannot be made to liquidate anything. In fact, it forces the lender to accept a refinancing of the debt obligation.
Because municipalities fall under state jurisdiction, the federal government, which governs bankruptcy court, does not have the ability to force liquidation of a municipal entity’s assets. Instead, this provision of bankruptcy law governs refinancing arrangements to facilitate the repayment of debts owed.
This may require that lenders accept a smaller principal amount or reduced loan interest, or that they stretch the repayment schedule out, or a combination of these. The most common situation where this would be a problem is if a municipal entity defaulted on a municipal bond obligation.
It depends. There are three commonly used fee structures: fee-only, fee-based, and commission-based
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Fibonacci Clusters are the consolidated information which will reveal the primary overlapping data from the cluttered chart