Amanda Robert News
History not a guide for possible Chicago Public Schools bankruptcy
Even as Illinois' governor has openly discussed the possibility the Chicago Public Schools could seek bankruptcy protection, a municipal bankruptcy expert has noted only four school districts have declared Chapter 9 bankruptcy in the past 62 years, and two of those abandoned the process.
Attorney: Judge would put Chicago Public Schools' bankruptcy on 'short leash'
Should the historic budget cuts being planned by Chicago Public Schools not prevent it from going bust, the idea of bankruptcy looms as a possibility.
