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Tag Archives: Bankruptcy
Debt Option #3: Bankruptcy
BANKRUPT: bank·rupt /ˈbaNGkˌrəpt/ adjective: bankrupt (of a person or organization) declared in law unable to pay outstanding debts. . By all conventional measures, Illinois is bankrupt. The State Supreme Court would disagree, having said in its decision to strike down … Continue reading
Posted in Cost of Government, Public Pensions, State Government
Tagged Bankruptcy, Default, Pension Debt, Public Pensions
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