Less than the Least

Entries from Less than the Least tagged with 'Chapter 9'

More on Bankruptcy for States--Skeel

I speculate a bit more as to what it might mean to have a bankruptcy law for states in this op-ed.  There seems to be a flurry of drafting activity going on, but no draft legislation has been released yet.  I'm...

Should States be Allowed to File for Bankruptcy?--Skeel

The next big bailout issue in the U.S. is likely to be the question whether to provide rescue financing for states like California and Illinois that are running huge deficits.  I make an argument for adopting a bankruptcy chapter for...