Bankruptcy, Foreclosure & Loan Modification Posts in February, 2015

Emerging from Bankruptcy

Stockton and Detroit have succeeded in emerging from bankruptcy filings, but other cities could have similar issues in the near future. These medium-sized cities in California and Michigan struggled with, among other things, an underfunded pension system. There was simply not enough tax revenue to pay these obligations. One observer called Illinois the “basket case” of pension cases....
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  • Newland & Newland LLP, Attorneys, Arlington Heights, IL
  • Lawyer.com