Legal work to be had
Sure sounds like they are carving out a niche for legal work and sure do mention federal (Chapter 9 bankruptcy) a lot.. even touting they did the work for a Pennsylvania municipality (Westfall township) to go through bankruptcy last year.
It also mentions that states are prohibited themselves from filing for bankruptcy. True enough, but that can't prohibit them from defaulting on debt. Pennsylvania itself technically defaulted on a lot of debt in I believe the 1840's. Wilkes-Barre failed to make bond payments in 2002 and today we have the ongoing imbroglio in Harrisburg. I was just checking the date of the Pennsylvania bond default and even came across this recent BLAWG post from a PA lawyer all about that history: “Van Buren to Pennsylvania: Drop Dead” which is a great title.
So there is money to be made even, or especially, in bankruptcy. Lawyers always have the angle.