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Updated 201516 Wis. Stats. Published and certified under s. 35.18. May 15, 2017. 1 Updated 1516 Wis. Stats. SELECTION ACTIONS; DIRECT LEGISLATION 9.01 CHAPTER 9 SELECTION ACTIONS; DIRECT LEGISLATION
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What is chapter 9?
Chapter 9 is a form of bankruptcy that is specifically designed for municipalities and allows them to restructure their debts.
Who is required to file chapter 9?
Only municipalities, such as cities, towns, and counties, are eligible to file for chapter 9 bankruptcy.
How to fill out chapter 9?
Filing for chapter 9 bankruptcy involves submitting a petition to the bankruptcy court, outlining the municipality's financial situation and proposing a plan to restructure its debts.
What is the purpose of chapter 9?
The purpose of chapter 9 is to provide financially distressed municipalities with a way to reorganize their debts and continue providing essential services to their residents.
What information must be reported on chapter 9?
Municipalities filing for chapter 9 bankruptcy must provide detailed information about their debts, assets, revenues, and expenditures.
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