The Yale Law Journal

Anna Gelpern


Bankruptcy, Backwards: The Problem of Quasi-Sovereign Debt

Anna Gelpern

121 Yale L.J. 888 (2012).

This Feature considers the debts of quasi-sovereign states in light of proposals to let them file for bankruptcy protection. States that have ceded some but not all sovereign prerogatives to a central government face distinct challenges as debtors. It is unhelpful to analy…