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Debt Relief – Insolvency – Bankruptcy Information » Insolvency » Discussion | When States Go Broke: The Pros, Cons, and Mechanics of State Bankruptcy

Discussion | When States Go Broke: The Pros, Cons, and Mechanics of State Bankruptcy


On Friday, May 13th 2011 The Arthur and Toni Rembe Rock Center for Corporate Governance and the Stanford Constitutional Law Center hosted the event, “When States Go Broke: Origins, Context, and Solutions for the American States in Fiscal Crisis.” Leading scholars, journalists, and practitioners discussed the causes and consequences of state insolvency, with particular focus on the recent proposal to allow states to restructure their debts through bankruptcy. Panels also reviewed the politics of state insolvency; the pros, cons, and mechanics of amending the Bankruptcy Code to allow states to file for bankruptcy; the lessons and implications from public default in municipalities, states, and nations; and the economics of state insolvency. Click on the video link to watch a panel discussion moderated by Stanford Law Professor Dick Craswell on “The Pros, Cons, and Mechanics of State Bankruptcy.”

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