This guide is a systematic reference on municipal fiscal distress and insolvency. Part 1 covers the constitutional foundations that shaped the federal chapter. Part 2 covers eligibility element by element. Part 3 covers the powers and limitations of a municipal case. Part 4 covers the plan of adjustment and confirmation. Part 5 covers pensions. Part 6 covers state oversight, receivership, and the Contract Clause constraints on them. Part 7 covers creditor strategy, and Part 8 the early warning indicators that make intervention possible before the options run out.