Albany Law School will be closed today until 4pm due to the weather.
As government bankruptcy in a community arises, local taxpayers may be overlooked and lose their voice and assets, Professor Christine Chung argues in her recent article published by Widener Law Journal.
In the article, “Municipal Bankruptcy, Essential Municipal Services, and Taxpayers' Voice,” Professor Chung discusses the relationship between local governments and their stakeholders (taxpayers). She looks further into how municipal bankruptcy plays a role in the lives of taxpayers, and how municipal bankruptcy law might improve the interest and voices of taxpayers.
Professor Chung’s interests include regulatory
architecture and regulatory reform, risk management, compliance, and
corporate governance and feminist jurisprudence.
A previous article of hers, “Zombieland/the Detroit
Bankruptcy: Why Debts Associated with Pensions, Benefits, and Municipal
Securities Never Die…and How They Are Killing Cities Like Detroit,” was
listed among the top 10 notable employee benefits articles in a
prestigious list by Marshall Law School’s “Tax Notes.”
Professor Chung currently co-directs the Institute for Financial Market Regulation,
a joint program with the University at Albany that connects academic
researchers with the knowledge the professionals in financial market
regulation experience. As co-director, she helped to organize the fall
Detroit: The Potential Ripple Effects of the Largest Municipal
Bankruptcy in U.S. History and What It Might Mean for New York.”
Read the entire article (.pdf)
Professor Chung joined the Albany Law School staff in
2007 as director of the Securities Arbitration Clinic. She received her
J.D from Harvard, and her B.A from Amherst College.
By Megan Lounsbury