Government Entity Bankruptcy Risk Necessitates 4 Best Practices

Large cities, including Detroit, Miami and—most recently—Providence, RI, have seriously contemplated filing for bankruptcy. Meanwhile, dozens of other U.S. municipalities have defaulted on bond payments and hundreds more face crushing municipal-bond refinancing deals that burst along with the real estate bubble in 2008-2009. 4 Best Practices: Selling to and collecting from government entities has historically...