Sheryl Toby Video-Interviewed at American Bankruptcy Institute Annual Meeting

Sheryl L. Toby, a Bloomfield Hills-based member of Dykema and co-leader of the Firm’s Bankruptcy and Corporate Restructuring practice, was interviewed shortly after moderating a panel discussion on Municipal Bankruptcies, which was conducted during the 32nd Annual Spring Meeting of the American Bankruptcy Institute, held recently in Washington, D.C.

In this 5-minute video interview, Toby outlines the key themes that her panel—experienced bankruptcy and workout specialists, many of whom are working directly on the Detroit restructuring effort—examined in their discussion. Among the topics covered in this video interview:

• what Detroit—and other municipalities that are “service insolvent”—face in developing and implementing workout plans
• the factors that differentiate municipal bankruptcies from more traditional corporate restructurings
• lessons learned from the Detroit bankruptcy action (still evolving) that other municipalities facing economic distress might use

Click here to view this interview.