Arent Fox partner David Dubrow of the New York office was quoted in an article on the fact that some cities are looking at Chapter 9 — the municipal form of bankruptcy — as a way to reorganize finances and emerge more financially stable:

‘Medium-sized cities — with a population of about 75,000 to 500,000 — are more likely than in the past to file for Chapter 9, says David Dubrow, a partner in the New York office of the Arent Fox law firm and author of "The Treatment of Municipal Debt Under Chapter 9 of the Bankruptcy Code." "The [federal and state] support cities have been able to get in the past is much more limited now," Dubrow says. Also, the support states do provide is more likely to go to larger cities, he says. Bankruptcy can provide cities with time to financially restructure, including renegotiate with creditors, Dubrow adds.’