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The Deal: Restructuring Insider: State Bankruptcy Back on the TableApril 27, 2020
John Rapisardi, who chairs O’Melveny’s Global Restructuring Practice, was quoted in this article in The Deal about whether states can file for bankruptcy protection.
Rapisardi, The Deal reported, “said in a statement it's ‘clear that state governments and municipalities — further strained from unprecedented stresses on the social safety net — will need to restructure their own debt, especially large states with high annual deficits and substantial taxpayer burdens.’”
Read the full article here.