municipal bankruptcy

Ron Sandack: Municipal Bankruptcy Option Needed in Illinois [AUDIO]
State Rep. Ron Sandack joined "Riley & Scot" this week to discuss his municipal bankruptcy bill, which would allow Illinois cities and communities to declare Chapter 9 bankruptcy to restructure debt and pay back creditors. Though saying he would not necessarily use the option, Rockford Mayor Larry Morrissey has been vocal in his support for the measure. ...