Tag Archives: State Bankruptcy

States Feel Financial Strain too, but can they Claim Bankruptcy?

States Feel Financial Strain too, but can they Claim Bankruptcy?

State governments are feeling the pressures of economic struggles too. Financial stress has closely followed the spread of coronavirus. Closed businesses and rising unemployment numbers are evidence of the strain caused by COVID-19. States are also experiencing similar burdens, with budgets being stretched and expected income at a halt. Unlike businesses and individuals though, states […]