Question

Should municipalities be able to declare bankruptcy?

Should municipalities be able to declare bankruptcy?

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

A Municipality should declare bankruptcy if the following conditions are satisfied:

1)It must be a subdivision of state politics.

2)State law must permit the Municipality to file the bankruptcy.

3)The Municipality mustnot have enough funds to meet their current obligation either in present or in future.

4)The Municipality must think of effecting a plan for adjusting it's debt.

5)The Municipality must show it's unsuccessful creditors negotiation efforts.

If the above criteria is full filled then the Municipality will be able to declare bankruptcy.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
It took eight years before Microsoft Corporation could declare its first dividend. Some companies declare dividends...
It took eight years before Microsoft Corporation could declare its first dividend. Some companies declare dividends within one year or two years of commencing operations. Firms have different dividend policies. During your company’s board meeting last week, the directors argued on whether the company should declare a dividend or not. The centre of the argument was on whether declaring or not declaring a dividend had effect on the value of the firm. a. Explain the three main types of dividend...
Please declare each statement true or false and explain your response carefully: 1. Bias should never...
Please declare each statement true or false and explain your response carefully: 1. Bias should never be traded off for significance in choosing variables for an equation. 2. A high R2 for an equation with low significance for all of the independent variables suggests multicollinearity. 3. The constant should be omitted from a regression specification only when its value is believed to be negligibly small.
Please declare each statement true or false and explain your response carefully: 1. Bias should never...
Please declare each statement true or false and explain your response carefully: 1. Bias should never be traded off for significance in choosing variables for an equation. 2. A high R2 for an equation with low significance for all of the independent variables suggests multicollinearity. 3. The constant should be omitted from a regression specification only when its value is believed to be negligibly small.
Should a company pay dividends, if it able to? What influences this decision? Should they be...
Should a company pay dividends, if it able to? What influences this decision? Should they be paid in cash or stock?
Discuss when a company should consider Chapter 11 bankruptcy. Can portfolio theory actually be applied by...
Discuss when a company should consider Chapter 11 bankruptcy. Can portfolio theory actually be applied by investors to improve their investment returns? Since this is our last week for this course, discuss what you have learned and how it will help you in you future work.
Subject: Legal The right to privacy is a hot topic today. Should people be able to...
Subject: Legal The right to privacy is a hot topic today. Should people be able to decide for themselves whether to refuse treatment for a terminal illness? Should physicians be able to assist in suicides? What are the advantages and dangers of this?.
Apple is domiciled in a country where interest payments are not tax deductible. Bankruptcy proceedings in...
Apple is domiciled in a country where interest payments are not tax deductible. Bankruptcy proceedings in this country are primitive, and bankruptcy would be a costly event for Apple. Otherwise, there are no other significant departures from the assumptions of the Modigliani-Miller theorem (perfect information, no financial frictions, etc.). Which of these answers are right? Apple should be financed entirely by debt. Apple should be financed entirely by equity. Apple should be financed by both debt and equity.
For those of you advocating for allowing municipalities to set their own minimum wages, what do...
For those of you advocating for allowing municipalities to set their own minimum wages, what do you think the unintended consequences might be on some employers? Are some employers disproportionately harmed, and are we okay with that result as simply a cost of doing business? Also, what role does our capitalistic society have to play in balancing what a minimum wage should be? Do we really need regulations or can we let the markets sort it out?  
1. Write a macro in SAS: It should be able to use proc means to print...
1. Write a macro in SAS: It should be able to use proc means to print means of a quantitative variable BY a categorical variable (must use a BY line of code), and use proc sgplot to print boxplots of the same quantitative variable by the categorical. Your macro should sort the data first. The user should be able to call the macro, indicating the data set name, and the two variables used in the analysis, as parameters. (You’ll use...
Should inmates be able to challenge their placement in solitary confinement? If yes, what due process...
Should inmates be able to challenge their placement in solitary confinement? If yes, what due process rights should be granted? If not, why not?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT