For those how have access to WestLaw or the Lexis legal database services (and who are interested in whether cities should be able to pay their retirees more than other creditors), I highly recommend reading Pensioners, Bondholders, and Unfair Discrimination in Municipal Bankruptcy by Andrew B. Dawson. You can find it in the University of Pennsylvania Journal of Business Law.
Sure, I might be biased because Dawson cites my article, Municipal Bankruptcy: When Doing Less Is Doing Best a number of times but of far greater importance, Dawson takes the position that I advocated and applies it to what actually happened in Detroit.
Sure, I might be biased because Dawson cites my article, Municipal Bankruptcy: When Doing Less Is Doing Best a number of times but of far greater importance, Dawson takes the position that I advocated and applies it to what actually happened in Detroit.
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