Hernendo Montero's Palm Beach Post Weekly Column: Hartford, CT Crisis

Monday, May 22, 2017

Hernando Montero-Salazar
Stoever Glass & Co., Inc.
Phone: (212) 952-1910
Toll Free: (800) 223-3881
E: hmontero@stoeverglass.com

On May 10, 2017, Hartford, Connecticut took a step toward bankruptcy by soliciting proposals from law firms that specialize in municipal restructuring and Chapter 9 bankruptcy, which protect financially strapped municipalities. The Hartford Courant reported that the city was reviewing various firms and could hire one as soon as mid-May, said people close to the matter. Mayor Luke Bronin had hinted for months that the city could file for bankruptcy, given the uncertainty of the state budget process and the depth of the state budget crisis, and during his budget release in April said he was “not in a position to rule anything out”.

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