Lunch 'n Learn: Municipal Bankruptcy with James Spiotto

Mon., May 15, 2017 | 12:00 PM — Wed., May 17, 2017 | 1:00 PM

Harris Public Policy, Room 224
1155 E. 60th Street
Chicago, IL 60637
United States

Sponsored By: Center for Municipal Finance

Join the Center for Municipal Finance for lunch 'n learn lectures on municipal bankruptcy featuring James Spiotto, retired Partner at the law firm of Chapman and Cutler LLP and presently is the Managing Director of Chapman Strategic Advisors LLC.

Sessions will be held Monday, May 15 and Wednesday, May, 17 from 12:00 to 1:00 pm. Attendance at all sessions is encouraged, but not required. Monday’s talk will cover the history of government debt defaults, the use of Chapter 9, effective remedies, and lessons learned. Wednesday’s talk will focus on how to deal with distress, including effective state oversight, factors that prevent financial distress, access to capital markets, and the need for timely and complete financial disclosure. Attendees will also get an electronic copy of Municipalities in Distress? How States and Investors Deal with Local Government Financial Emergencies

Lunch will be provided.

Please RSVP by May 14. 

About the Speaker

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James E. Spiotto is a Retired Partner of the law firm of Chapman and Cutler LLP and presently is the Managing Director of Chapman Strategic Advisors LLC, the consulting subsidiary of that law firm.  He also is co-owner and co-publisher of MUNINETGUIDE.COM, an online service devoted to municipal related research and information. 

In the forty years prior to retiring as a partner in the law firm of Chapman and Cutler LLP, he represented issuers, indenture trustees, bondholders, banks, insurance companies, institutional investors and funds in litigation, bankruptcy or workouts of more than 400 troubled debt financings in more than 35 different states and in foreign countries as well.  Mr. Spiotto represented clients in the resolution of recent troubled state and local debt financings, including in the Jefferson County, Sierra Kings Healthcare District and Mendocino Coast Health Care District Chapter 9 cases and has testified before the United States Senate and House Judiciary Committees in conjunction with the amendments to the Bankruptcy Code involving municipal bankruptcy. 

He is a past president of the Society of Municipal Analysts and is a member of the Executive Committee of the Board of Directors of the Civic Federation of Chicago.  He was awarded the National Federation of Municipal Analysts Municipal Industry Award in 2014 and 1992 and the National Association of Bond Lawyers Carlson Prize in 1993. 

He has written numerous books and articles on municipal finance, default and bankruptcy.  He is a co-author of the volume The Law of State and Local Government Debt Financing (Thompson West).  He authored chapters on municipal defaults and bankruptcy in The Handbook of Municipal Bonds, Sylvan Feldstein and Frank Fabozzi, editors, published by John Wiley & Sons, Inc., an article on “Municipal Finance and Chapter 9 Bankruptcy,” published in the Municipal Finance Journal, and a chapter on Financial Emergencies:  Default and Bankruptcy in the Oxford Handbook of State and Local Government Finance, Robert D. Ebel and John E. Peterson, editors.  He also wrote the article, “The Renewed Battle Over Tax Exemption of Interest on State and Local Government Debt Obligations,” published in the Government Finance Review.  His article “The Role of the State in Supervising and Assisting Municipalities, Especially in Times of Financial Distress”) was published in the Winter/Spring 2013 Municipal Finance Journal.  He also is the author of the second edition of Municipalities in Distress? published by Chapman and Cutler LLP and available from Amazon.com and Primer on Municipal Debt Adjustment, published by Chapman and Cutler LLP and available upon request from the firm.  His article, “How Cities in Financial Distress Should Deal With Unfunded Pension Obligations and Appropriate Funding of Essential Services” appeared in the Summer 2014 edition of The Willamette Law Review.


Questions? Please contact akass1@uchicago.edu