Although not intended to be classics of literature, we have found tales of two municipalities and their Chapter 9 bankruptcies. One was warm and prosperous and on the West Coast, whose housewives we have followed in the age of reality TV. The other was from a grittier place in the midwest with industrial gothic scenes and rappers who have captured its spirit. Please join us as we discuss the post Chapter 9 filing bond disclosures of Orange County, CA and the City of Detroit.

Mark Vacha, Public & Project Finance, summarizes and highlights some of the significant points of the City of San Bernardino's proposed plan for the adjustment of its debts (as proposed and filed on May 29, 2015 in bankruptcy court). Mark also discusses the public finance concern of how different types of bondholders, creditors and other stakeholders are treated and the take-aways from this case for general governmental credits.