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: Arizona Bankruptcy Attorney BlogYou Thought You Had It Bad Department: Was That Half a Trillion Dollars? For ONE Category of Debt?
By Joseph McDaniel, Esq.
This is surprising to me because I'm a simple backwoods bankruptcy lawyer, and I seldom see big kids fighting about issues in my practice; I just toil in the shadows.
But the current hot topic in bankruptcy...not a top ten bankruptcy issue...but the Number One Bankruptcy Attorney Topic for the next few years is going to be this: will States be granted permission to file Bankruptcy?
Like any lawyer, I can find perfectly good arguments why they should not, and other arguments that go the other way. Lawyers are trained that way. At least, I think I was; it was a long time ago, after all.
But many of the arguments in favor of permitting bankruptcy by the insolvent States of the United States appear in this article.
Enjoy!
Full post as published by Arizona Bankruptcy Attorney Blog on January 28, 2011 (boomark / email).
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