Chapter 9 & Municipal Insolvency

Representing the Unique Interests of Debt Holders and Trustees in Nationwide Courts

We maximize creditor recovery from distressed municipal borrowers. Our attorneys have a deep understanding of public finance and how governments access the capital markets. Our attorneys know both restructuring law and public finance law, and they're well positioned to implement customized strategies to ensure the best debt holder recoveries. From Orange County to Puerto Rico, we've represented the buy side in all of the major governmental restructurings of the past 25 years.

Awards

American College of Bankruptcy

2 Members within the prestigious, invite only, American College of Bankruptcy

Chambers U.S.A.

Ranked Band 1 Bankruptcy / Restructuring - Massachusetts (2021)

Best Lawyers®

7 bankruptcy attorneys in the Boston, New York, Los Angeles and San Diego offices recognized (2023)

Our Experience

A Leading Role

On every Chapter 9 municipal bankruptcy over the past six years

Bondholders’ Impairment Averted in Health Care Bankruptcy

Mintz represented bondholders and the trustee of two municipal debt issuances totaling $21 million in a bankruptcy case dispute about the borrower’s attempts to modify the terms of the bonds. Mintz persuaded the borrower to amend its improper proposal — and the bondholders received payment in full.

Go-To Adviser

on the myriad of issues surrounding the debt crisis in Puerto Rico

Our Approach

While every distressed governmental debt issue is unique and tactics evolve over the course of any restructuring, our basic approach always remains the same. We start with a deep understanding of our client’s position and what they want to achieve. We apply our legal skill, industry knowledge, and contacts to learn the client’s rights and remedies under both the legal documents and applicable law. Where a consensual resolution is not available or advisable, we evaluate the best and most efficient litigation strategies in partnership with our client to vigorously represent the client’s interests in any court in the country.

What Our Clients Are Saying

‘Mintz maintains both a municipal restructuring and public finance practice. This is key, because the outcome of a bankruptcy depends heavily upon state law, and most municipal issuers have significant bodies of bespoke state law that governs how they may and must operate."

Client, The Legal 500

"Mintz has been able to assist us in constructing better transactions when restructuring is still only hypothetical, something that other public finance firms have been less able to do, since most public finance lawyers do not have municipal restructuring partners with Chapter 9 experience to use as a resource.’