[Jonny7797]

Bankruptcy wont save CA.

[faithhopecharity]

while cities and many other smaller units of government are allowed to file for bankruptcy, the US Bankruptcy Code does not permit extend this privilege to states (at least since 1937, see the law’s definition of “municipality”).

Second, but more importantly, the US Constitution bars states from abrogating their contracts (Article 1, Section 10).

so, many cities and districts could file for bankruptcy, yes, but not the State of Californcation