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To: SeekAndFind
I fully expect California to file for bankrupcy in the near future.

A State can not file under Chapter 9.

34 posted on 12/15/2010 8:02:27 AM PST by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: Lurker

RE: A State can not file under Chapter 9.

What about DEFAULTING on their debts and then begging the rest of the 49 states to rescue them?


38 posted on 12/15/2010 8:03:41 AM PST by SeekAndFind
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