A panel of experts explores the following questions: What is Chapter 9 and is it a viable and efficient way to address municipal distress? Do you expect changes to the bankruptcy code to deal with the enormous stress facing distressed municipalities? What are some of the best alternatives to save cost, including cross-jurisdiction and public-private strategies? Can you privatize or outsource all of a city's services? What are the ramifications? What should be the response of credit markets to municipal fiscal stress? Are there exemplars of restructured governments? What factors are required for success?