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”.

Click on the PDF below to read the full article.

ATTACHMENT: 

Stoever Glass Wealth Management Client (Schwab Alliance)

Schwab is a registered broker-dealer, and is not affiliated with Stoever Glass Wealth Management or any advisor(s) whose name(s) appear(s) on this website. Stoever Glass Wealth Management is/are independently owned and operated. Schwab neither endorses nor recommends [{Stoever Glass Wealth Management}, unless you have been referred to us through the Schwab Advisor Network®. (This bracketed language is for use by Schwab Advisor Network members only.)] Regardless of any referral or recommendation, Schwab does not endorse or recommend the investment strategy of any advisor. Schwab has agreements with Stoever Glass Wealth Management under which Schwab provides Stoever Glass Wealth Management with services related to your account. Schwab does not review the Stoever Glass Wealth Management website(s), and makes no representation regarding information contained in the Stoever Glass Wealth Management website, which should not be considered to be either a recommendation by Schwab or a solicitation of any offer to purchase or sell any securities.