Professor Shares Insight on Municipal Bankruptcies
Web Editor - Published: July 23, 2013
JulietMoringiello350px"Detroit's troubles have been decades in the making and the city is chronically distressed as a result of population loss and loss of industry, thus reducing the tax base,” Professor Juliet M. Moringiello recently told the Patriot-News for an article comparing the situations in Detroit and Harrisburg.

The city of Detroit filed the largest municipal bankruptcy claim in American history on July 18th, and Professor Moringiello commented on the situation in both the Patriot-News article and for a CNBC.com look at towns that have sought bankruptcy protection under Chapter 9, noting that “Bankruptcy is absolutely the last resort for municipalities and it is certainly not a cure-all.”

Moringiello – who teaches and writes primarily in the areas of commercial law, bankruptcy, property and electronic commerce – has frequently commented on the ongoing debt situation in Harrisburg. She spent the spring 2010 semester serving as the American Bankruptcy Institute Robert N. Zinman resident scholar outside Washington, D.C. and she is a past recipient of the Pennsylvania Bar Association Special Achievement Award. This past March she was named to the Central Pennsylvania Business Journal’s list of Women of Influence.