Legal News

How can local authorities address financial stress?

Published on: 19 February 2013

Table of contents

  • Original news
  • What are the key pressures placing stress on local authority budgets?
  • What are the warning signs of financial distress?
  • What early action can local authorities take to prevent failure?
  • What would be the effect of a council failure?
  • Is it possible private sector administrators/restructuring experts could be called in to assist failing councils?
  • What should lawyers do next?

Article summary

Restructuring & Insolvency analysis: Should councils explore new models of service delivery to avoid financial failure? Andy Mahon, BDO Public Sector partner, explores the unique issues raised for local authorities when facing financial pressure.

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