Showing posts with label unfunded liabilities. Show all posts
Showing posts with label unfunded liabilities. Show all posts

Friday, December 16, 2022

NCBJ 2022: Gradually, Then Suddenly. The Bankruptcy of Detroit

This program looked at the bankruptcy of the City of Detroit through the lens of a documentary filmmaker. I thought it was a clever way to look at one of the most consequential bankruptcies of our time through the eyes of someone who was not a bankruptcy lawyer or judge. While filmmaker Sam Katz is not part of the bankruptcy profession, he did have substantial experience in municipal finance, having served as Chair of the Fiscal Oversight Board in Philadelphia in the 1990s. It took him six years to make the film compared to the fourteen months that Detroit was in bankruptcy. I have included a link to a website about the film at the end.