IDEAS home Printed from https://ideas.repec.org/a/ucp/munifj/doi10.1086-mfj28010019.html
   My bibliography  Save this article

Causal Factors Leading to Municipal Bankruptcies: A Comparative Case Study

Author

Listed:
  • Robert J. Landry
  • Cynthia S. McCarty

Abstract

Relatively little has been written about Chapter 9 of the Bankruptcy Code, which provides for certain governmental units to seek federal bankruptcy protection. Although municipal bankruptcies are rare, their occurrences inflict widespread suffering over a lengthy time period. Extending the theoretical framework of prior research, this paperanalyzes the underlying causes of two municipal bankruptcies that occurred in Orange County, CA, and Greene County, AL. Although these two counties have strikingly different economies and demographics, we note common systemic problems that contributed to their bankruptcies, propose areas of future research, and suggest ideas for reform.

Suggested Citation

  • Robert J. Landry & Cynthia S. McCarty, 2007. "Causal Factors Leading to Municipal Bankruptcies: A Comparative Case Study," Municipal Finance Journal, University of Chicago Press, vol. 28(1), pages 19-36.
    • Handle: RePEc:ucp:munifj:doi:10.1086/mfj28010019
    DOI: 10.1086/MFJ28010019
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1086/MFJ28010019
    Download Restriction: Access to the online full text or PDF requires a subscription.
    File URL: http://dx.doi.org/10.1086/MFJ28010019
    Download Restriction: Access to the online full text or PDF requires a subscription.
    File URL: https://libkey.io/10.1086/MFJ28010019?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ucp:munifj:doi:10.1086/mfj28010019. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Journals Division (email available below). General contact details of provider: https://www.journals.uchicago.edu/MFJ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.