The purpose of Chapter 9 is to provide a municipality with a debt repayment plan rather than to require the liquidation of municipal assets.

Name: The purpose of Chapter 9 is to provide a municipality with a debt repayment plan rather than to require the liquidation of municipal assets.
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Chapter 9 of the U.S. Bankruptcy Code provides for the reorganization of municipalities and allows for the development of a debt repayment plan rather than requiring the liquidation of assets.

The Purpose of Chapter 9 Is to Provide a Municipality