Bankruptcy

The State and Local Legal Center (SLLC) amicus brief in City of Chicago, Illinois v. Fulton argues that the Supreme Court should rule that a local government need not immediately return a vehicle impounded because of code violations upon a debtor filing for bankruptcy.

The City of Chicago impounds...

The question the Supreme Court will decide in City of Chicago, Illinois v. Fulton is whether a local government must return a vehicle impounded because of code violations immediately upon a debtor filing for bankruptcy.

The City of Chicago impounds vehicles where debtors have three or more unpaid fines. Robbin Fulton’s vehicle was impounded for this reason. She filed for bankruptcy and asked the City to turn over her vehicle...

The Great Recession brought an increased number of bankruptcy filings in states across the nation. Nevada, Michigan and Illinois were consistently among states with the highest bankruptcy rates, while Montana and Wyoming were consistently among states with the lowest bankruptcy rates. Every state saw an increase in filings from 2007, when the recession officially began, through 2010.

In recent weeks, a new word has emerged in the public discourse surrounding state’s fiscal difficulties: bankruptcy. States are facing colossal fiscal pressures, including mounting public pension obligations which now represent a trillion dollar unfunded gap, according to the Pew Center on the States.  

States face colossal fiscal pressures, including mounting public pension obligations that now represent a $1 trillion unfunded gap, according to the Pew Center on the States. That gap—combined with other mounting fiscal woes—has prompted a discussion of something states haven’t discussed before—bankruptcy.

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