Financial Restructuring co-chair David Warfield wrote a recent guest column for the St. Louis Business Journal titled, “Could a Detroit-style bankruptcy happen here?” The column appeared in the “Your Turn” section of the Sept. 6 edition of the paper.
In the column, Warfield answered the question posited in his headline: No, it’s unlikely that Detroit's massive bankruptcy would beset St. Louis anytime in the immediate future.
“But every informed citizen — particularly those working in the finance or government sectors — should know some critical details about municipal bankruptcies,” Warfield wrote. “In fact, anyone who buys, sells, or brokers municipal bonds, or who is involved in the public pension industry, should be keenly interested in the Detroit case.”
In the article, Warfield offers answers to the following questions surrounding Detroit’s bankruptcy.
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