general obligation bonds

21 01, 2011

State Bankruptcies

2017-07-17T20:57:12+00:00 By |Bankruptcy Law Blog|

The new bail out plan? State unfunded pensions, labor contracts, general obligation bonds – all unsecured debt? The former Speaker of the House is calling for a bill to support state bankruptcies. Should states be able to file bankruptcy? They cannot right now because they are considered sovereign. Proponents of the bill however say that [...]

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