SAN FRANCISCO - The lawyers representing Vallejo, Calif., in its Chapter 9 bankruptcy case have a message for municipalities considering bankruptcy: It's no get-out-of-debt-free card.

"Municipalities feeling financial stress should work as hard as possible, accepting as much pain as they and their constituents, creditors, and employees can endure, to avoid" bankruptcy, said Orrick, Herrington & Sutcliffe LLP public finance lawyer John Knox and bankruptcy lawyer Marc Levinson in a pamphlet titled "Municipal Bankruptcy: Avoiding and Using Chapter 9 in Times of Fiscal Stress."

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