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: Arizona Bankruptcy Attorney BlogBankruptcy Rumblings Worry California?
By Joseph McDaniel, Esq.
It's the same with bankruptcy as with drugs. Even if you are offered a bankruptcy, you can...just say no!
Permitting a State to file a bankruptcy is not the same as forcing a state to file a bankruptcy.
In fact, all a State has to do to avoid filing a bankruptcy is to...spend less!
And only if a State is utterly incapable of reining in its own spending would a bankruptcy make any sense.
So, which States do you think will file first?
Full post as published by Arizona Bankruptcy Attorney Blog on January 31, 2011 (boomark / email).
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