Which cities will go chapter 9 bankruptcy and how will it impact you?
A number of people have decided selling to governments is the way to restore revenues. You might want to look before you leap and apply credit review and procedures which you do for commercial entities.
A Wall Street Journal article today section C1 names 4 municipal groups in bankruptcy or on the edge. Some experts are saying that almost every city and state is insolvent or bankrupt if they were truthful about promises and guarantees they have made on their employee retirement and health care plans.
It is scary when you research how many are insolvent even with the limited disclosures made. My suggestion is that you have some process to watch your exposure to this sector. Or you can wake up some day and have some large write offs.
A Wall Street Journal article today section C1 names 4 municipal groups in bankruptcy or on the edge. Some experts are saying that almost every city and state is insolvent or bankrupt if they were truthful about promises and guarantees they have made on their employee retirement and health care plans.
It is scary when you research how many are insolvent even with the limited disclosures made. My suggestion is that you have some process to watch your exposure to this sector. Or you can wake up some day and have some large write offs.
Posted by FiscalDoctor com at 2/18/2010 10:38 AM 
Categories: contingency planning,business growth,customer,profitability,bankruptcy,risk,Enterprise Risk Management,due diligence,cities,ERM,corporate governance
Tags: contingency planning business growth customer profitability bankruptcy risk Enterprise Risk Management due diligence cities ERM corporate governance
Categories: contingency planning,business growth,customer,profitability,bankruptcy,risk,Enterprise Risk Management,due diligence,cities,ERM,corporate governance
Tags: contingency planning business growth customer profitability bankruptcy risk Enterprise Risk Management due diligence cities ERM corporate governance
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