No Foundations Riding to Rescue this Bankrupt Suburban Municipality
There is some debate as to whether Hillview really needed to declare bankruptcy, spurning settlement offers from the trucking company, which apparently had been willing to accept about 40 cents on the dollar. There may be a reason that Hillview found …
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Displaying Stark Divisions, Illinois Lawmakers Talk Chapter 9
Two states prohibit local governments from filing bankruptcy and 21 states are either unclear or do not have a specific law, while three states allow it under very limited circumstances, as Illinois does. While the use of Chapter 9 and the quality of …
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