Restrukturierung und Insolvenz von Kommunen

This thesis is becoming more important to public treasurers, local politicians and restructuring representatives by the day as it describes a specialized framework for dealing with distressed municipal budgets without necessarily having to rely on further funding. It develops a restructuring framework that revives the economic performance of municipalities by reducing their debt levels without jeopardizing their overall debt financing. The approach does not built on insolvency law. Instead, the framework draws back to the emancipated principles of restructuring law, which are adapted to the specific rules of municipal law for budget consolidation.