• HOME :
  • NEWS :
  • IS BANKRUPTCY SUCH AN AWFUL IDEA FOR CHICAGO?

Is bankruptcy such an awful idea for Chicago?

JUNE 22, 2016 | by John Pletz | CRAIN’S CHICAGO BUSINESS

By John Pletz, includes "… Once unthinkable, the idea of Chicago filing for bankruptcy is becoming less far-fetched as the city stares down the barrel of $25 billion in pension obligations that it can’t meet. … Bankruptcy, or the threat of it, may be the only way to bring politicians, unions and investors to the table to do what needs to be done to right the ship for the next generation, three panelists argued as part of a discussion on budget issues at the city and state level..."

VIEW LESS